Anticipation for Alphabet's Q1 earnings

From Nasdaq: 2025-04-22 17:13:00

Wall Street is eagerly awaiting Alphabet’s quarterly results, set to release on April 24th. Antitrust pressures and concerns about Google’s dominance in online advertising have led to a 20% decline in GOOGL shares this year. Despite this, Alphabet stock still holds a 40% gain over the past two years.

Alphabet is expected to report a 12% increase in Q1 sales to $75.53 billion, with EPS up 6% to $2.01. With the cheapest P/E valuation among big tech stocks, Alphabet is trading at a noticeable discount to the S&P 500. Analysts have an average price target of $202.06 for GOOGL shares.

Alphabet stock currently has a Zack Rank #3 (Hold), with the potential for a sell rating if EPS revisions decline further. The upcoming Q1 report will be crucial, as a positive uptick could lead to a buy rating, with Alphabet trading at its cheapest forward P/E valuation in a decade. In the meantime, consider these 5 stocks set to double, handpicked by Zacks experts for potential gains of +100% or more in 2024.



Read more at Nasdaq: Buy the Dip in Alphabet (GOOGL) Stock as Q1 Earnings Approach?