Alphabet expected to report strong Q4 results with a 29.3% increase in profit.

From Nasdaq: 2025-01-09 10:22:55

Alphabet Inc. (GOOGL) is set to announce its fourth-quarter results, with analysts expecting a profit of $2.12 per share, a 29.3% increase from the previous year. For fiscal 2024, an EPS of $8.03 is anticipated, rising to $8.92 in fiscal 2025. GOOGL stock has surged 39.7% in the past year, outperforming major indices.

Following the release of strong Q3 results, GOOGL stock price increased by over 2.8%. The company reported a 15.1% revenue growth and a 33.6% increase in net income. Analysts have a strong bullish outlook on GOOGL stock, with a mean price target of $211.86, representing a 9.2% premium to current levels.

Alphabet’s focus on innovation and AI has driven momentum across its segments, leading to substantial revenue and profitability gains. With a “Strong Buy” rating from analysts, the company’s strategic foresight and operational excellence have positioned it for continued success.



Read more at Nasdaq: Alphabet’s Q4 2024 Earnings: What to Expect