Alphabet (GOOGL) Stock Dips While Market Gains: Key Facts

Core Insights - Alphabet's stock closed at $312.43, reflecting a -2.43% change from the previous day, underperforming the S&P 500's 0.21% gain [1] - Over the past month, Alphabet's shares have increased by 11.68%, significantly outperforming the Computer and Technology sector's gain of 2.05% and the S&P 500's gain of 0.89% [1] Financial Projections - The upcoming EPS for Alphabet is projected at $2.58, indicating a 20.00% increase year-over-year [2] - Revenue is anticipated to reach $94.26 billion, representing a 15.49% increase compared to the same quarter last year [2] Annual Estimates - For the annual period, earnings are expected to be $10.52 per share, with revenue projected at $340.26 billion, reflecting increases of +30.85% and +15.3% respectively from the previous year [3] - Recent analyst estimate revisions indicate a positive outlook for Alphabet's business and profitability [3] Stock Performance and Valuation - The Zacks Rank system, which evaluates estimate changes, currently ranks Alphabet at 3 (Hold) [5] - Alphabet's Forward P/E ratio stands at 30.44, which is a premium compared to the industry average of 19.81 [5] - The PEG ratio for Alphabet is currently 1.85, closely aligning with the industry average PEG ratio of 1.86 [6] Industry Context - The Internet - Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 85, placing it in the top 35% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]