Wall Street analysts anticipate Alphabet (GOOGL) to report quarterly earnings of $2.14 per share, a 13.2% increase from last year. Revenues are expected to reach $79.25 billion, up 11.1% year-over-year. Analysts have revised EPS estimates by 1.3% in the past 30 days, showing a collective reassessment of projections.

Earnings estimate revisions are crucial in predicting investor reactions post-earnings announcement. Research shows a strong correlation between these revisions and stock price performance. While consensus estimates are commonly used, analyzing analysts’ forecasts for key metrics like Google properties, Cloud, and YouTube ads can offer valuable insights.

Analysts predict Google properties revenue to hit $61.86 billion (+8.2% YoY), Google Cloud revenue at $13.04 billion (+26% YoY), and YouTube ads revenue at $9.47 billion (+9.3% YoY). The collective assessment also forecasts Google advertising revenue at $68.98 billion (+6.8% YoY) and Google Search & other revenue at $52.36 billion (+7.9% YoY).

Furthermore, analysts expect Google Network revenue to be $7.15 billion (-4% YoY), EMEA revenue at $27.45 billion (+11.2% YoY), U.S. revenue at $44.74 billion (+8.6% YoY), Other Americas revenue at $5.42 billion (+9.7% YoY), and APAC revenue at $15.19 billion (+9.9% YoY). Estimated Total TAC is $14.07 billion, with a headcount of 185,578 employees.

Alphabet shares have risen 5.9% in the past month, outperforming the Zacks S&P 500 composite’s 5.4% increase. With a Zacks Rank #3 (Hold), GOOGL is likely to closely track market performance. For potential high-growth stock picks, check out Zacks’ recommendations like a disruptive force with notable growth, a leader in a red-hot industry, and more.

Read more at Nasdaq: Curious about Alphabet (GOOGL) Q2 Performance? Explore Wall Street Estimates for Key Metrics