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Alphabet (GOOGL) Stock Moves -0.13%: What You Should Know
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Alphabet (GOOGL - Free Report) closed the most recent trading day at $1,047.97, moving -0.13% from the previous trading session. This change was narrower than the S&P 500's 0.15% loss on the day. Meanwhile, the Dow lost 0.4%, and the Nasdaq, a tech-heavy index, 0%.
Prior to today's trading, shares of the internet search leader had lost 4.81% over the past month. This has was narrower than the Computer and Technology sector's loss of 5.26% and lagged the S&P 500's loss of 1.27% in that time.
Wall Street will be looking for positivity from GOOGL as it approaches its next earnings report date. This is expected to be February 7, 2019. On that day, GOOGL is projected to report earnings of $11.17 per share, which would represent year-over-year growth of 15.15%. Meanwhile, our latest consensus estimate is calling for revenue of $31.26 billion, up 20.83% from the prior-year quarter.
GOOGL's full-year Zacks Consensus Estimates are calling for earnings of $42.22 per share and revenue of $109.51 billion. These results would represent year-over-year changes of +31.73% and +22.79%, respectively.
Any recent changes to analyst estimates for GOOGL should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.77% higher within the past month. GOOGL is currently a Zacks Rank #3 (Hold).
Digging into valuation, GOOGL currently has a Forward P/E ratio of 24.86. For comparison, its industry has an average Forward P/E of 28.95, which means GOOGL is trading at a discount to the group.
Investors should also note that GOOGL has a PEG ratio of 1.38 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. GOOGL's industry had an average PEG ratio of 2.25 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 86, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GOOGL in the coming trading sessions, be sure to utilize Zacks.com.
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Alphabet (GOOGL) Stock Moves -0.13%: What You Should Know
Alphabet (GOOGL - Free Report) closed the most recent trading day at $1,047.97, moving -0.13% from the previous trading session. This change was narrower than the S&P 500's 0.15% loss on the day. Meanwhile, the Dow lost 0.4%, and the Nasdaq, a tech-heavy index, 0%.
Prior to today's trading, shares of the internet search leader had lost 4.81% over the past month. This has was narrower than the Computer and Technology sector's loss of 5.26% and lagged the S&P 500's loss of 1.27% in that time.
Wall Street will be looking for positivity from GOOGL as it approaches its next earnings report date. This is expected to be February 7, 2019. On that day, GOOGL is projected to report earnings of $11.17 per share, which would represent year-over-year growth of 15.15%. Meanwhile, our latest consensus estimate is calling for revenue of $31.26 billion, up 20.83% from the prior-year quarter.
GOOGL's full-year Zacks Consensus Estimates are calling for earnings of $42.22 per share and revenue of $109.51 billion. These results would represent year-over-year changes of +31.73% and +22.79%, respectively.
Any recent changes to analyst estimates for GOOGL should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.77% higher within the past month. GOOGL is currently a Zacks Rank #3 (Hold).
Digging into valuation, GOOGL currently has a Forward P/E ratio of 24.86. For comparison, its industry has an average Forward P/E of 28.95, which means GOOGL is trading at a discount to the group.
Investors should also note that GOOGL has a PEG ratio of 1.38 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. GOOGL's industry had an average PEG ratio of 2.25 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 86, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GOOGL in the coming trading sessions, be sure to utilize Zacks.com.