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Alphabet Inc. (GOOG) Dips More Than Broader Markets: What You Should Know
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Alphabet Inc. (GOOG - Free Report) closed the most recent trading day at $2,564.91, moving -1.75% from the previous trading session. This change lagged the S&P 500's 0.06% loss on the day. At the same time, the Dow added 0.72%, and the tech-heavy Nasdaq gained 0.47%.
Heading into today, shares of the company had lost 6.95% over the past month, lagging the Computer and Technology sector's loss of 4.23% and the S&P 500's gain of 0.17% in that time.
Investors will be hoping for strength from Alphabet Inc. as it approaches its next earnings release, which is expected to be April 26, 2022. The company is expected to report EPS of $25.52, down 2.93% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $55.94 billion, up 22.68% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $116.75 per share and revenue of $248.87 billion, which would represent changes of +4.06% and +17.35%, respectively, from the prior year.
Any recent changes to analyst estimates for Alphabet Inc. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.81% lower. Alphabet Inc. is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Alphabet Inc. is holding a Forward P/E ratio of 22.36. This valuation marks a premium compared to its industry's average Forward P/E of 21.46.
Investors should also note that GOOG has a PEG ratio of 1.13 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. The Internet - Services industry currently had an average PEG ratio of 2.6 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 157, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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) Dips More Than Broader Markets: What You Should Know
Alphabet Inc. (GOOG - Free Report) closed the most recent trading day at $2,564.91, moving -1.75% from the previous trading session. This change lagged the S&P 500's 0.06% loss on the day. At the same time, the Dow added 0.72%, and the tech-heavy Nasdaq gained 0.47%.
Heading into today, shares of the company had lost 6.95% over the past month, lagging the Computer and Technology sector's loss of 4.23% and the S&P 500's gain of 0.17% in that time.
Investors will be hoping for strength from Alphabet Inc. as it approaches its next earnings release, which is expected to be April 26, 2022. The company is expected to report EPS of $25.52, down 2.93% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $55.94 billion, up 22.68% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $116.75 per share and revenue of $248.87 billion, which would represent changes of +4.06% and +17.35%, respectively, from the prior year.
Any recent changes to analyst estimates for Alphabet Inc. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.81% lower. Alphabet Inc. is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Alphabet Inc. is holding a Forward P/E ratio of 22.36. This valuation marks a premium compared to its industry's average Forward P/E of 21.46.
Investors should also note that GOOG has a PEG ratio of 1.13 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. The Internet - Services industry currently had an average PEG ratio of 2.6 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 157, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.