Alphabet Shares Gain 1.4% to $311.69 Despite 9.1% Monthly Decline
Alphabet shares rose 1.4% to close at $311.69 while the S&P 500 fell 0.43%, but the stock is down 9.13% over the past month versus a 3.21% sector loss. Analysts project Q1 EPS of $2.76, a 1.78% year-over-year drop, on revenue of $91.96 billion, up 20.23%.
1. Stock Performance Overview
Alphabet closed at $311.69, up 1.4% on the day versus a 0.43% drop in the S&P 500, while the Dow and Nasdaq fell 1.05% and 0.92%, respectively. Over the past month the shares have declined 9.13%, trailing the 3.21% loss in the Computer & Technology sector and the 0.5% drop in the S&P 500.
2. Q1 Earnings and Revenue Forecasts
Consensus estimates project first-quarter EPS of $2.76, a 1.78% decline from the same quarter last year, with revenue forecast at $91.96 billion, a 20.23% increase year-over-year. Annual consensus anticipates full-year EPS of $11.60 (up 7.31%) and revenue of $414.99 billion (up 21.02%).
3. Valuation Metrics and Analyst Rankings
Alphabet trades at a forward P/E of 26.49, versus the industry average of 14.47, and holds a PEG ratio of 1.8 in line with its peers. The stock carries a Zacks Rank of #3 (Hold) following a 4.92% upward revision in the consensus EPS estimate over the past month, while its industry ranks in the bottom 26% of Zacks Industry Ranks.