Alphabet's stock falls
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Alphabet is an eclectic collection of tech-centric businesses. Unfortunately, there isn't one stock to rule them all.
Alphabet analysts are forecasting that Google's parent company will report revenue of $93.72 billion and earnings per share of $2.17.
Alphabet stock dipped after a Q2 beat powered by continuing double-digit revenue growth and Google Cloud success, but featuring sharply heavier spending plans
For comparison, the S&P 500 trades for 25.7 times trailing earnings and 22.5 times forward earnings estimates, so Alphabet's stock is discounted to the market in both of these important metrics.
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Returns for Google stock were 65% in 2021, -39% in 2022, and 59% in 2023. In contrast, the Trefis High Quality (HQ) Portfolio , with a collection of 30 stocks, is considerably less volatile.
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Alphabet's stock now trades for around 17 times trailing earnings, a level it last reached only three times: 2008, 2012, and 2022. This is the company's fourth trip to a valuation level this low.
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