Google Parent Alphabet Stock Trails Market Despite Upcoming Earnings Growth
• Alphabet (GOOG) stock fell 0.11% despite market uptick; lagged S&P 500, Dow gains • Upcoming GOOG earnings anticipated to show 54% rise in EPS to $1.62 with revenue up 12% to $70.59B • GOOG has Zacks Rank #2 (Buy) based on positive estimate revisions for EPS and revenue • GOOG trades at lower P/E ratio than industry average but has higher growth outlook per PEG ratio • Internet-Services industry ranked in top 15% by Zacks; GOOG part of strong Computer & Technology sector