Published on 20 Jul 2022 on Zacks via Yahoo Finance
Alphabet Inc. (GOOG) closed the most recent trading day at $114.70, moving +0.07% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq lost 0.02%.
Coming into today, shares of the company had gained 2.33% in the past month. In that same time, the Computer and Technology sector lost 12.83%, while the S&P 500 gained 7.25%.
Alphabet Inc. will be looking to display strength as it nears its next earnings release, which is expected to be July 26, 2022. On that day, Alphabet Inc. is projected to report earnings of $1.30 per share, which would represent a year-over-year decline of 4.41%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $57.85 billion, up 13.54% from the year-ago period.