Alphabet: P/E compressed to levels not seen since 2012 after a $500B market value drop
FROM THE WIRE · FINANCE.YAHOO.COM
Yahoo Finance Executive Editor Brian Sozzi points out how Alphabet (GOOGL) (GOOG) stock's P/E has compressed to levels not seen since 2012, that earnings estimates haven't bottomed, and explains what it will take for a rebound. Video Transcript 00:00 Speaker A On Wednesday…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe sharp share price drop and reported negative free cash flow weigh on sentiment toward the tech giant.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Alphabet posted negative free cash flow of $9.1 billion in the quarter.
- 02Wall Street had estimated negative free cash flow of $3.5 billion.
- 03On Thursday more than $500 billion in market value was wiped off Google.
- 04The P/E ratio has compressed to levels not seen since 2012.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets