Alphabet Inc. (GOOG) Dips More Than Broader Market: What You Should Know
Source: Zacks ·
Alphabet Inc. (GOOG) closed at $334.98 in the latest trading session, marking a -3.58% move from the prior day.
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Alphabet Inc. (GOOG) closed the most recent trading day at $334.98, moving -3.58% from the previous trading session. This move lagged the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%. The company's shares have seen an increase of 1.19% over the last month, not keeping up with the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%. The investment community will be paying close attention to the earnings performance of Alphabet Inc. in its upcoming release. The company's upcoming EPS is projected at $2.93, signifying a 2.09% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $111.26 billion, showing a 27.2% escalation compared to the year-ago quarter. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $20.51 per share and revenue of $433.58 billion. These totals would mark…