Alphabet (GOOGL) closed the most recent trading day at $251.03, moving +2.27% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.4%. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 0.66%.
Heading into today, shares of the internet search leader had lost 2.27% over the past month, lagging the Computer and Technology sector's gain of 2.27% and the S&P 500's gain of 1.02%.
The upcoming earnings release of Alphabet will be of great interest to investors. The company's earnings report is expected on October 29, 2025. The company's upcoming EPS is projected at $2.29, signifying a 8.02% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $84.53 billion, up 13.39% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.95 per share and revenue of $334.67 billion, which would represent changes of +23.76% and +13.4%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Alphabet. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.35% decrease. Alphabet is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Alphabet is currently being traded at a Forward P/E ratio of 24.66. This indicates a premium in contrast to its industry's Forward P/E of 24.17.
Also, we should mention that GOOGL has a PEG ratio of 1.66. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Internet - Services industry was having an average PEG ratio of 1.66.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 78, this industry ranks in the top 32% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Alphabet Inc. (GOOGL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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