Alphabet Inc. (GOOGL) is facing a mixed performance, with shares returning +0.8% over the past month, slightly trailing the Zacks S&P 500 composite at +1.1%. For the current quarter, Alphabet is expected to post earnings of $1.85 per share, representing a year-over-year increase of 28.5%, with a consensus estimate of $7.61 earnings for the fiscal year, up 31.2%.
The consensus sales estimate for the current quarter stands at $70.55 billion, reflecting a 13.7% year-over-year change. In the last reported quarter, Alphabet recorded revenues of $67.59 billion, exceeding estimates by 2.35%. The company has consistently beaten consensus EPS and revenue estimates over the past four quarters.
Alphabet’s current Zacks Rank is 3 (Hold), suggesting it may perform in line with the broader market in the near term. Valuation analysis shows Alphabet is rated C in the Zacks Value Style Score, indicating it is trading at par with peers.
