Alphabet Shares Rise 1.39% to $311.43 Ahead of 20% Revenue Growth Forecast
Alphabet shares closed at $311.43, up 1.39% as the S&P 500 fell 0.43% and the Nasdaq slid 0.92%, though the stock is down 9.3% over the past month. Next-quarter EPS is projected at $2.76, down 1.78% year-over-year, on revenue of $91.96 billion, up 20.23%.
1. Intraday Performance
Alphabet closed at $311.43 in the latest session, a 1.39% increase that outpaced the S&P 500’s 0.43% decline, the Dow’s 1.05% drop and the Nasdaq’s 0.92% slide.
2. Monthly Trend
Over the past month, Alphabet shares have fallen 9.3%, significantly underperforming the Computer and Technology sector’s 3.21% loss and the S&P 500’s 0.5% decline.
3. Upcoming Quarterly Forecasts
Analysts forecast next-quarter EPS of $2.76, a 1.78% decrease from the prior year, on revenue of $91.96 billion, marking a 20.23% year-over-year increase.
4. Full-Year Estimates and Valuation
Full-year consensus projects EPS of $11.60 (+7.31%) and revenue of $410.04 billion (+19.58%), with a forward P/E of 26.47 versus the industry average of 14.47, a PEG ratio of 1.8 and a Zacks Rank of #3 after a 4.91% EPS estimate upgrade this month.