Why Alphabet Inc. (GOOG) Outpaced the Stock Market Today

Core Insights - Alphabet Inc. (GOOG) closed at $177.94, with a +1.17% increase, outperforming the S&P 500's gain of 0.94% [1] - The company is expected to report an EPS of $2.12, a 12.17% increase year-over-year, and revenue of $78.88 billion, reflecting a 10.55% increase [2] - For the full year, earnings are projected at $9.51 per share and revenue at $331.35 billion, indicating increases of +18.28% and +12.28% respectively [3] Financial Performance - The Zacks Consensus Estimates show a recent 0.48% increase in EPS estimates for Alphabet Inc. [5] - The company currently holds a Zacks Rank of 3 (Hold) [5] - Alphabet Inc. has a Forward P/E ratio of 18.49, slightly above the industry average of 18.37 [6] Industry Context - The Internet - Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 143, placing it in the bottom 42% of over 250 industries [7] - The average PEG ratio for Alphabet Inc. is 1.24, compared to the industry average of 1.36 [6]