Alphabet Inc. (GOOG) closed the most recent trading day at $190.63, moving +0.1% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq lost 0.16%.
Prior to today's trading, shares of the company had gained 8.15% over the past month. This has outpaced the Computer and Technology sector's gain of 1.86% and the S&P 500's loss of 2.36% in that time.
The upcoming earnings release of Alphabet Inc. will be of great interest to investors. The company's earnings per share (EPS) are projected to be $2.12, reflecting a 29.27% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $81.41 billion, showing a 12.57% escalation compared to the year-ago quarter.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Alphabet Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.11% fall in the Zacks Consensus EPS estimate. Alphabet Inc. is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Alphabet Inc. is currently trading at a Forward P/E ratio of 21.35. This denotes a discount relative to the industry's average Forward P/E of 22.64.
It's also important to note that GOOG currently trades at a PEG ratio of 1.2. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Internet - Services industry was having an average PEG ratio of 1.45.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 44, this industry ranks in the top 18% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Alphabet Inc. (GOOG) : Free Stock Analysis Report
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