From Nasdaq: 2024-04-16 10:00:53

Alphabet (GOOGL) is expected to report increased earnings and revenues for the quarter ended March 2024. The stock may move higher if results surpass expectations, but could drop if they fall short. Analysts predict quarterly earnings of $1.49 per share, a 27.4% increase, and revenues of $66 billion, up 13.7%.

Estimate revisions and the Earnings ESP model offer insight on potential surprises. The Most Accurate Estimate for Alphabet is lower than the Consensus Estimate, resulting in an Earnings ESP of -2.26%. While the stock carries a Zacks Rank of #3, past earnings history shows four consecutive beats. Consider other factors when making investment decisions.

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Investors should monitor Alphabet’s upcoming earnings release for potential opportunities. While not a strong earnings-beat candidate, consider other factors when deciding on the stock. Stay updated with the Zacks Earnings Calendar for future announcements.



Read more at Nasdaq: Alphabet (GOOGL) Earnings Expected to Grow: Should You Buy?