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Here's Why Alphabet Inc. (GOOG) Fell More Than Broader Market

Alphabet (GOOG) fell 5.1% to $348.71, underperforming both the S&P 500 and the Nasdaq on a weak trading day. The stock is also down 3.14% over the past month, lagging the broader market and its sector. The article focuses on valuation and earnings expectations rather than a specific company event: analysts expect Q3 EPS of $2.86 (+23.81% y/y) on revenue of $101 billion (+23.59% y/y), with full-year estimates at $14.3 EPS and $422.05 billion revenue. Despite slightly higher EPS estimates over the past 30 days, Alphabet remains Zacks Rank #3 (Hold) and trades at a forward P/E of 25.7, above the industry average of 14.72. The article frames the decline as part of broader market weakness and valuation pressure ahead of earnings.

Category

Alphabet

Sentiment

Neutral

Event

Market commentary

Reading time

1 min