Alphabet (GOOGL) outperformed S&P 500, forecasted to report strong EPS & revenue growth

From NASDAQ: 2024-06-04 17:45:24

Alphabet (GOOGL) closed at $173.79, up +0.36% from the previous day, outperforming the S&P 500. Forecasted to report an EPS of $1.85, +28.47% from last year’s quarter, with estimated revenue of $70.55 billion, +13.67%. Analysts suggest monitoring recent shifts and positive estimate revisions for potential stock momentum.

Alphabet’s Zacks Rank of #1 (Strong Buy) shows investor optimism. With a Forward P/E ratio of 22.77 and PEG ratio of 1.3, Alphabet trades at a premium, indicating growth potential. The Internet – Services industry ranks at 81 within the sector, and top 50% rated industries tend to outperform the lower half by 2 to 1.

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Read more at NASDAQ: Alphabet (GOOGL) Outpaces Stock Market Gains: What You Should Know