Alphabet (GOOGL) exceeds stock market gains: what you need to know
In the last trading session, Alphabet (GOOGL) closed at $ 2,337.35, marking a movement of + 0.98% from the previous day. The change topped the S&P 500’s 0.82% gain on the day.
Coming in today, shares of the leading internet searcher had gained 3.38% over the past month. At the same time, the computer and technology sector gained 2.39%, while the S&P 500 gained 2.31%.
The company is expected to post EPS of $ 19.34, up 90.92% from the previous year quarter. Our most recent consensus estimate projects quarterly revenue of $ 46.17 billion, up 46.08% from the same period a year earlier.
For the full year, our consensus estimates from Zacks project earnings of $ 87.91 per share and revenue of $ 194.39 billion, which would represent changes of + 49.99% and + 29.81. %, respectively, from the previous year.
It’s also important to note the recent changes to analyst estimates for GOOGL. These revisions generally reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign of the company’s business outlook.
Based on our research, we believe that these estimate revisions are directly related to the stock movements of nearby teams. To take advantage of this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.
Ranging from # 1 (strong buy) to # 5 (strong sell), Zacks’ ranking system has a proven track record in terms of outperformance, with # 1 stocks averaging + 25% per year since 1988 In the past 30 days, our consensus EPS projection has increased by 26.9%. GOOGL is currently a Zacks Rank # 1 (Strong Buy).
In terms of valuation, GOOGL is currently trading at a forward P / E ratio of 26.33. This valuation marks a discount compared to the average forward P / E of its sector of 27.42.
It’s also worth noting that GOOGL currently has a PEG ratio of 1.45. The PEG ratio is similar to the widely used P / E ratio, but this metric also takes into account the expected growth rate of the company’s earnings. GOOGL’s industry had an average PEG ratio of 1.48 at yesterday’s close.
The Internet service industry is part of the computer and technology sector. This industry currently has a Zacks rank of 203, which places it in the bottom 21% of all 250 industries.
The Zacks Industry Rankings assess the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within the groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
You can find more information about all of these measures, and more, at Zacks.com.
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Alphabet Inc. (GOOGL): Free Stock Analysis Report
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