Earnings Preview: What To Expect From Alphabet On Thursday

Alphabet Inc. is scheduled to report earnings after Thursday’s close. GOOGL (Class A shares) hit a record high of $1587.05/share in 2020 and is currently trading near $1517/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

Earnings Preview:

Alphabet is expected to report earnings of $8.43/share on $30.38 billion in revenue. Meanwhile, the so-called Whisper number is $8.54. The Whisper number is the Street’s unofficial view on earnings.

Company Profile:

Alphabet Inc. GOOGL provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure. It also offers digital content, cloud services, hardware devices, and other miscellaneous products and services. The Other Bets segment includes businesses, including Access, Calico, CapitalG, GV, Verily, Waymo, and X, as well as Internet and television services. Alphabet Inc. was founded in 1998 and is headquartered in Mountain View, California.

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Pay Attention To How The Stock Reacts To The News:

From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news.

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