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Alphabet (GOOGL) Outpaces Stock Market Gains: What You Should Know
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Alphabet (GOOGL - Free Report) closed at $1,140.91 in the latest trading session, marking a +1.48% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.45%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.75%.
Heading into today, shares of the internet search leader had gained 4% over the past month, lagging the Computer and Technology sector's gain of 5.19% and outpacing the S&P 500's gain of 3.84% in that time.
Investors will be hoping for strength from GOOGL as it approaches its next earnings release, which is expected to be July 25, 2019. In that report, analysts expect GOOGL to post earnings of $11.48 per share. This would mark a year-over-year decline of 2.3%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $30.90 billion, up 17.76% from the year-ago period.
GOOGL's full-year Zacks Consensus Estimates are calling for earnings of $45.59 per share and revenue of $130.18 billion. These results would represent year-over-year changes of +4.32% and +18.25%, respectively.
Investors might also notice recent changes to analyst estimates for GOOGL. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. GOOGL is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, GOOGL is holding a Forward P/E ratio of 24.66. This valuation marks a discount compared to its industry's average Forward P/E of 29.09.
Investors should also note that GOOGL has a PEG ratio of 1.41 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 2.86 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Alphabet (GOOGL) Outpaces Stock Market Gains: What You Should Know
Alphabet (GOOGL - Free Report) closed at $1,140.91 in the latest trading session, marking a +1.48% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.45%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.75%.
Heading into today, shares of the internet search leader had gained 4% over the past month, lagging the Computer and Technology sector's gain of 5.19% and outpacing the S&P 500's gain of 3.84% in that time.
Investors will be hoping for strength from GOOGL as it approaches its next earnings release, which is expected to be July 25, 2019. In that report, analysts expect GOOGL to post earnings of $11.48 per share. This would mark a year-over-year decline of 2.3%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $30.90 billion, up 17.76% from the year-ago period.
GOOGL's full-year Zacks Consensus Estimates are calling for earnings of $45.59 per share and revenue of $130.18 billion. These results would represent year-over-year changes of +4.32% and +18.25%, respectively.
Investors might also notice recent changes to analyst estimates for GOOGL. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. GOOGL is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, GOOGL is holding a Forward P/E ratio of 24.66. This valuation marks a discount compared to its industry's average Forward P/E of 29.09.
Investors should also note that GOOGL has a PEG ratio of 1.41 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 2.86 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.