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Earnings Preview: What To Expect From Google’s Parent Alphabet Today



Inc. is scheduled to report earnings after today’s close. The stock hit a record split adjusted high of $151.55/share in 2022 and is currently trading near $107/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:


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Earnings Preview:

The company is expected to report a gain of $1.14/share on $76.60 billion in revenue. Meanwhile, the so-called Whisper number is a gain of $1.14/share. The Whisper number is the Street’s unofficial view on earnings.


A Closer Look At The Fundamentals:

Earnings have been declining in the last two quarters which is not ideal for the bulls. Earnings exploded higher in 2021 compared to 2020 and they are expected to have fallen by 6% in 2022 (compared to 2021). Analysts expect earnings to grow by 10% in 2023 on a year-over-year basis. Some people on the Street expect that earnings have bottomed and will begin to grow again. If that happens, that should provide a bullish backdrop for investors.

A Closer Look At The Technicals:

Technically, the stock has been under a lot of pressure over the past year and it is down around 29% from the bear market high in early 2022. The stock is trying to bottom and just had a very big run from $83-$107. Technically, the stock just got back above its 200 day moving average line and the bulls want to see it stay above that important moving average. On the other hand, the bears want to see the stock gap down and fall after reporting earnings.


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. Remember, always keep your losses small and never argue with the tape.

Disclosure, the stock has been previously featured in my newsletter.

Source: Fox Business

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