Alphabet Stock Slips Despite Market Gains; Trails S&P 500, Dow, and Nasdaq
• Alphabet (GOOGL) stock sank 1.42% despite market gains; lagged behind S&P 500, Dow, and Nasdaq • GOOGL shares up 5.14% over last month, underperforming sector and market • Earnings estimate for next report is $1.60/share, 52.38% YoY growth; revenue estimate is $70.64B, 11.9% YoY growth • Recent estimate revisions show 0.03% rise over last month; GOOGL has Zacks Rank #3 (Hold) • GOOGL trades at Forward P/E 23.81, discount to industry average; has PEG ratio of 1.43 vs 2.22 industry average