Published on 17 Jan 2022 on Zacks via Yahoo Finance
In the latest trading session, Alphabet Inc. (GOOG) closed at $2,795.73, marking a +0.47% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, lost 4.81%.
Heading into today, shares of the company had lost 2.11% over the past month, outpacing the Computer and Technology sector's loss of 2.99% and lagging the S&P 500's gain of 0.64% in that time.
Alphabet Inc. will be looking to display strength as it nears its next earnings release. In that report, analysts expect Alphabet Inc. to post earnings of $26.71 per share. This would mark year-over-year growth of 19.78%. Meanwhile, our latest consensus estimate is calling for revenue of $59.3 billion, up 27.71% from the prior-year quarter.