Alphabet (GOOGL) Beats Stock Market Upswing: What Investors Need to Know

Alphabet closed at $338.99, outperforming the S&P 500 with a +1.92% daily gain versus the market's +0.86%. However, the stock has depreciated 3.97% over the past month. Analysts project Q3 EPS of $2.93 (up 2.09% YoY) and annual revenue of $433.95 billion (up 26.55% YoY). Alphabet holds a Zacks Rank #3 (Hold) with a Forward P/E of 16.21, trading at a slight premium to its industry average.