In the latest trading session, Alphabet Inc. (GOOG) closed at $357.33, marking a +1.9% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.02%, while the tech-heavy Nasdaq appreciated by 0.9%.
Heading into today, shares of the company had lost 4.48% over the past month, lagging the Computer and Technology sector's loss of 1.5% and the S&P 500's gain of 1.27%.
Investors will be eagerly watching for the performance of Alphabet Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 22, 2026. The company is expected to report EPS of $2.86, up 23.81% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $101.22 billion, indicating a 23.86% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $14.32 per share and revenue of $423.63 billion, which would represent changes of +32.47% and +23.54%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Alphabet Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.14% rise in the Zacks Consensus EPS estimate. Alphabet Inc. currently has a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Alphabet Inc. is currently exchanging hands at a Forward P/E ratio of 24.49. This represents a premium compared to its industry average Forward P/E of 17.41.
We can also see that GOOG currently has a PEG ratio of 1.5. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Services was holding an average PEG ratio of 1.6 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Alphabet Inc. (GOOG): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).