We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Alphabet Inc. (GOOG) Rises Higher Than Market: Key Facts
Read MoreHide Full Article
In the latest market close, Alphabet Inc. (GOOG - Free Report) reached $167.15, with a +1.13% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.42%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.38%.
Coming into today, shares of the company had gained 0.11% in the past month. In that same time, the Computer and Technology sector gained 1.78%, while the S&P 500 gained 2.06%.
Analysts and investors alike will be keeping a close eye on the performance of Alphabet Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.83, reflecting a 18.06% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $72.78 billion, up 13.62% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.63 per share and revenue of $292.21 billion. These totals would mark changes of +31.55% and +13.92%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Alphabet Inc. Recent revisions tend to reflect the latest near-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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.03% increase. Alphabet Inc. is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Alphabet Inc. is currently being traded at a Forward P/E ratio of 21.65. Its industry sports an average Forward P/E of 29.59, so one might conclude that Alphabet Inc. is trading at a discount comparatively.
We can additionally observe that GOOG currently boasts a PEG ratio of 1.22. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Services industry had an average PEG ratio of 1.84 as trading concluded yesterday.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 141, this industry ranks in the bottom 45% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Alphabet Inc. (GOOG) Rises Higher Than Market: Key Facts
In the latest market close, Alphabet Inc. (GOOG - Free Report) reached $167.15, with a +1.13% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.42%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.38%.
Coming into today, shares of the company had gained 0.11% in the past month. In that same time, the Computer and Technology sector gained 1.78%, while the S&P 500 gained 2.06%.
Analysts and investors alike will be keeping a close eye on the performance of Alphabet Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.83, reflecting a 18.06% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $72.78 billion, up 13.62% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.63 per share and revenue of $292.21 billion. These totals would mark changes of +31.55% and +13.92%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Alphabet Inc. Recent revisions tend to reflect the latest near-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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.03% increase. Alphabet Inc. is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Alphabet Inc. is currently being traded at a Forward P/E ratio of 21.65. Its industry sports an average Forward P/E of 29.59, so one might conclude that Alphabet Inc. is trading at a discount comparatively.
We can additionally observe that GOOG currently boasts a PEG ratio of 1.22. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Services industry had an average PEG ratio of 1.84 as trading concluded yesterday.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 141, this industry ranks in the bottom 45% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.