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Alphabet (GOOGL) Stock Moves -0.46%: What You Should Know

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Alphabet (GOOGL - Free Report) closed at $1,202.69 in the latest trading session, marking a -0.46% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.61%. At the same time, the Dow lost 0.72%, and the tech-heavy Nasdaq lost 0.56%.

Heading into today, shares of the internet search leader had gained 2.46% over the past month, lagging the Computer and Technology sector's gain of 7.18% and the S&P 500's gain of 5.68% 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 April 29, 2019. The company is expected to report EPS of $10.51, up 5.84% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $29.98 billion, up 20.59% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $47.38 per share and revenue of $131.93 billion, which would represent changes of +8.42% and +19.84%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for GOOGL. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.23% lower. GOOGL is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, GOOGL is holding a Forward P/E ratio of 25.5. This represents a no noticeable deviation compared to its industry's average Forward P/E of 25.5.

We can also see that GOOGL currently has a PEG ratio of 1.42. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 3.34 based on yesterday's closing prices.

The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 194, putting it in the bottom 24% 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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