Alphabet Inc. (GOOG) Stock Slides as Market Rises: Facts to Know Before You Trade

Group 1: Stock Performance - Alphabet Inc. closed at $158.74, with a -0.09% change compared to the previous day, underperforming the S&P 500 which gained 0.67% [1] - Over the past month, Alphabet's shares have decreased by 7.95%, slightly better than the Computer and Technology sector's loss of 7.99% and the S&P 500's loss of 5.28% [1] Group 2: Upcoming Earnings - The upcoming EPS for Alphabet Inc. is projected at$ 2.04, indicating a 7.94% increase year-over-year [2] - The Zacks Consensus Estimate for revenue is $75.66 billion, reflecting an 11.93% increase from the same period last year [2] Group 3: Full Year Estimates - For the full year, earnings are expected to be$ 8.91 per share and revenue is projected at $334.36 billion, representing increases of +10.82% and +13.3% respectively from the previous year [3] Group 4: Analyst Forecast Revisions - Recent revisions to analyst forecasts for Alphabet Inc. are important as they indicate changing business trends, with positive revisions suggesting analyst optimism about the company's profitability [4] Group 5: Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows Alphabet Inc. currently holds a Zacks Rank of 3 (Hold) [6] - Over the last 30 days, the Zacks Consensus EPS estimate has increased by 0.2% [6] Group 6: Valuation Metrics - Alphabet Inc. has a Forward P/E ratio of 17.84, which is lower than its industry's Forward P/E of 25.03 [7] - The company's PEG ratio is currently 1.14, compared to the Internet - Services industry's average PEG ratio of 1.32 [7] Group 7: Industry Ranking - The Internet - Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 140, placing it in the bottom 44% of all industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]