Why Alphabet Inc. (GOOG) Dipped More Than Broader Market Today

Company Performance - Shares of Alphabet Inc. have appreciated by 15.66% over the past month, outperforming the Computer and Technology sector's gain of 5.93% and the S&P 500's gain of 1.05% [1] - The company is forecasted to report an EPS of $2.12, showcasing a 29.27% upward movement from the corresponding quarter of the prior year [7] - The Zacks Consensus Estimates suggest analysts expect earnings of $8.02 per share and revenue of $294.82 billion for the full year, marking changes of +38.28% and +14.94%, respectively, from last year [4] Valuation Metrics - Alphabet Inc. has a PEG ratio of 1.38, compared to the Internet - Services industry's average PEG ratio of 2.06 [5] - The company has a Forward P/E ratio of 24.63, representing a premium compared to its industry's average Forward P/E of 24.54 [8] Analyst Ratings and Industry Position - Alphabet Inc. holds a Zacks Rank of 3 (Hold), with the Zacks Rank system showing that stocks at 1 deliver an average annual return of +25% since 1988 [2] - The Internet - Services industry, which includes Alphabet Inc., carries a Zacks Industry Rank of 36, placing it within the top 15% of over 250 industries [12]