Published on 25 Jan 2022 on Zacks via Yahoo Finance
Alphabet Inc. (GOOG) Gains But Lags Market: What You Should Know
Alphabet Inc. (GOOG) closed the most recent trading day at $2,607.44, moving +0.22% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.19%.
Prior to today's trading, shares of the company had lost 11.59% over the past month. This has lagged the Computer and Technology sector's loss of 10.69% and the S&P 500's loss of 5.39% in that time.
Investors will be hoping for strength from Alphabet Inc. as it approaches its next earnings release, which is expected to be February 1, 2022. On that day, Alphabet Inc. is projected to report earnings of $26.85 per share, which would represent year-over-year growth of 20.4%. Meanwhile, our latest consensus estimate is calling for revenue of $59.3 billion, up 27.71% from the prior-year quarter.