Alphabet (GOOGL) closed up 1.67% with upcoming earnings projected to show significant growth
From Nasdaq:
In the latest trading session, Alphabet (GOOGL) closed at $137.67, up 1.67% from the previous day, outperforming the S&P 500. Analysts project Alphabet’s upcoming earnings will be $1.49 per share with revenue of $65.95 billion, indicating significant year-over-year growth. Investors should track analyst estimates and utilize the Zacks Rank for insights. The company currently holds a Zacks Rank of #3 (Hold).
Alphabet’s valuation metrics show a Forward P/E ratio of 19.99, a PEG ratio of 1.25, and an industry rank of 152 out of more than 250, reflecting a discount compared to industry averages. The Zacks Industry Rank indicates Alphabet’s industry is in the bottom 40%. Stay informed on stock-moving metrics using Zacks.com during future trading sessions for a comprehensive analysis.
Discover 5 stocks predicted to double in 2023, selected by Zacks experts as high-growth opportunities. Past recommendations have seen significant gains, and these under-the-radar stocks offer potential for substantial returns. Access this free report to uncover new investment possibilities and take advantage of the ground floor opportunity to enhance your portfolio. Find more recommendations and valuable insights from Zacks Investment Research to optimize your investment strategies.
Read more at Nasdaq: Alphabet (GOOGL) Increases Despite Market Slip: Here’s What You Need to Know