From Nasdaq:

The latest trading session saw Alphabet (GOOGL) with a positive adjustment of +1.52% to $140.95 as compared to its last day’s close. The Dow lost 0.42%, while the tech-heavy Nasdaq was up 0.09%.

Analysts project Alphabet to report earnings of $1.62 per share, representing a 54.29% year-over-year growth. The Zacks Consensus Estimate for revenue is $70.59 billion, up 11.83% from the year-ago period.

Analyst estimates for Alphabet are changing, mirroring short-term business patterns. Upbeat changes convey analysts’ favorable business outlook. Research supports that analyst estimate alterations are linked with stock performance, making these estimates important to consider.

Alphabet’s Zacks Rank of #3 (Hold) and forward P/E ratio of 20.59 are indicators of its valuation in comparison to the industry average. The current PEG ratio is 1.24.

The Internet – Services industry, of which Alphabet is part, currently ranks in the top 15% echelons of all 250+ industries. The Zacks Industry Rank assesses the strength of individual stocks.

Using Zacks.com, investors can monitor stock-moving metrics during the upcoming trading sessions.



Read more: Alphabet (GOOGL) Ascends While Market Falls: Some Facts to Note