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What to expect from Google (Alphabet, Inc) Quarterly Earnings report?
“Quarterly Earnings: Google Is Up Next” Will Google’s earning report beat, miss, or match the forecasts?
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This week a number of US tech companies will be reporting their quarterly earnings (QE) and expectations on the markets are high.
Google’s parent company (Alphabet, Inc) will be reporting on Monday, April 23rd, 2018 after US market close.
The Forecast
Alphabet’s business is primarily made up of revenue from online searches and YouTube, “Google other business”, Android app store, Google Cloud, and Google-branded hardware, and is seen to be expanding at a sustained pace.
Analysts, on average, expect Alphabet (trading as GOOGL on MT4) to report revenue of $30.3 billion and earnings per share (EPS) of $9.33, up about 23% and 21% from Q1 2017, respectively.
The tech powerhouse’s stock lost approximately 10% over the first three months of 2018, in line with the market downturn and on signs of stricter regulations following the Facebook scandal.
What do you think?
Will this week’s report extend GOOGL’s current decline or should we expect a new rally?
