Alphabet Inc. (GOOG) Increases Despite Market Slip: Here's What You Need to Know

Company Performance - Alphabet Inc. (GOOG) stock increased by 2.52% to $322.47, outperforming the S&P 500 which declined by 0.34% [1] - Over the past month, GOOG shares have decreased by 1.01%, while the Computer and Technology sector lost 1% and the S&P 500 gained 1.19% [1] Upcoming Earnings - The upcoming earnings per share (EPS) for Alphabet Inc. is projected at $2.59, indicating a 20.47% increase year-over-year [2] - Quarterly revenue is expected to reach $94.6 billion, reflecting a 15.91% increase compared to the same quarter last year [2] Annual Estimates - For the annual period, earnings are anticipated to be $10.58 per share, representing a 31.59% increase from the previous year, while revenue is expected to remain at $340.26 billion [3] Analyst Forecasts - Recent revisions to analyst forecasts for Alphabet Inc. are crucial as they reflect short-term business trends, with upward revisions indicating positive sentiment towards the company's operations [4] Zacks Rank and Performance - The Zacks Rank system, which evaluates estimated changes, currently places Alphabet Inc. at a rank of 3 (Hold), with a 0.39% rise in the consensus EPS estimate over the past month [6] - Historically, stocks ranked 1 (Strong Buy) have returned an average annual gain of +25% since 1988 [6] Valuation Metrics - Alphabet Inc. has a Forward P/E ratio of 28.49, which is a premium compared to the industry average of 17.8 [7] - The company also has a PEG ratio of 1.74, slightly above the industry average of 1.71 [7] Industry Context - The Internet - Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 99, placing it in the top 41% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]