From Nasdaq: 2024-06-10 17:45:21

Alphabet’s stock, GOOGL, closed at $175.01, up 0.32% from the previous day, outperforming the S&P 500. Stock has risen by 3.44% in the past month. Earnings release is expected soon with estimates of $1.85 EPS and $70.55 billion revenue, representing a positive outlook for the company.

Alphabet’s Zacks Consensus Estimates project earnings of $7.60 per share and revenue of $295.53 billion for the full year. Analyst optimism is reflected in recent revisions to estimates, with the stock holding a Zacks Rank of #1 (Strong Buy). Historical correlations show revisions impact stock price performance positively.

Alphabet’s valuation metrics include a Forward P/E ratio of 22.94, slightly higher than the industry average. The stock also has a PEG ratio of 1.31, indicating an expected earnings growth rate. The Internet – Services industry ranks in the top 35% of all industries, showcasing strength within the sector.

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Read more at Nasdaq: Alphabet (GOOGL) Rises Higher Than Market: Key Facts