Alphabet stock down slightly, upcoming earnings report expected to show potential growth

From Nasdaq: 2025-04-02 17:45:00

Alphabet (GOOGL) closed at $157.04, down -0.02% from the previous day, trailing the S&P 500’s 0.67% gain. In the past month, the stock fell 8.1%, underperforming the sector and S&P 500 losses. Investors await Alphabet’s upcoming earnings report, with estimates of $2.02 per share and $75.66 billion in revenue, showing potential growth.

Alphabet’s full-year estimates stand at $8.92 EPS and $329.94 billion revenue. Analysts suggest keeping an eye on estimate revisions, as they impact stock performance. The Zacks Rank system, with a proven track record, rates Alphabet as a Hold (Rank #3). With a Forward P/E ratio of 17.61, Alphabet is trading at a discount compared to its industry.

The Internet – Services industry, to which Alphabet belongs, has a PEG ratio of 1.13. This metric considers expected earnings growth rate, showing Alphabet’s position compared to industry peers. With a Zacks Industry Rank of 140, the industry ranks in the bottom 44%, signaling potential challenges. For more insights, visit Zacks.com for detailed information on these metrics and more.

Zacks Investment Research has identified 5 stocks set to potentially double, handpicked for significant growth in 2024. These stocks have previously soared up to +673.0%, providing an opportunity for investors. Most picks are under Wall Street radar, offering a chance to get in early. For more details and recommendations, visit Zacks.com.



Read more at Nasdaq: Alphabet (GOOGL) Stock Slides as Market Rises: Facts to Know Before You Trade