From Nasdaq: 2024-12-12 17:45:21

Alphabet (GOOGL) closed at $191.93, down 1.78% from the previous day while the S&P 500 lost 0.54%. Prior to this, GOOGL shares had gained 9.24% in the past month, outperforming the sector and S&P 500. Analysts predict earnings of $2.12 per share and revenue of $81.39 billion in the upcoming report.

For the full year, estimates project GOOGL earnings at $8.02 per share and revenue at $294.74 billion, showing positive changes from the previous year. Investor attention should be on analyst revisions, which can impact stock prices. Alphabet is currently rated a Zacks Rank #3 (Hold) with a Forward P/E ratio of 24.36.

The Zacks Industry Rank for Internet – Services, a sector Alphabet is part of, is 31 out of 250+, placing it in the top 13%. With the Zacks Rank system, top industries outperform the bottom half by 2 to 1. Stay updated on stock metrics with Zacks.com for future trading sessions. Zacks Investment Research is naming the Top 10 Stocks for 2025 with historical performance exceeding the S&P 500’s gains. Director of Research Sheraz Mian will release these top picks on January 2 after a thorough review of 4,400 companies. Follow the link to get early access to these stocks.



Read more at Nasdaq: Alphabet (GOOGL) Declines More Than Market: Some Information for Investors