Alphabet(US:GOOG) ZACKS·2026-01-21 00:17Company Performance - Alphabet Inc. closed at $322.16, down 2.48% from the previous trading session, underperforming the S&P 500's loss of 2.06% [1] - Over the past month, shares of Alphabet Inc. gained 6.11%, while the Computer and Technology sector increased by 1.71% and the S&P 500 by 1.63% [1] Earnings Estimates - The upcoming earnings release on February 4, 2026, is projected to show an EPS of $2.59, reflecting a 20.47% increase year-over-year [2] - Revenue for the same quarter is estimated at $94.6 billion, which is a 15.9% increase from the prior year [2] Full Year Projections - For the full year, earnings are projected at $10.58 per share, representing a 31.59% increase, while revenue is expected to remain flat at $340.26 billion [3] - Recent adjustments to analyst estimates indicate evolving short-term business trends, with positive revisions suggesting optimism about the business outlook [3] Valuation Metrics - Alphabet Inc. has a Forward P/E ratio of 29.91, which is a premium compared to the industry average of 17.85 [6] - The company’s PEG ratio stands at 1.82, slightly above the industry average PEG ratio of 1.76 [6] Industry Context - The Internet - Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 67, placing it in the top 28% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]