Alphabet Inc. is set to release its earnings report after the market closes on Thursday. The stock, which had reached a record high of $160.22 per share in 2024, is currently trading at around $152. Investors are anticipating potential significant movements in the stock price following the earnings release, with the possibility of a strong gap up if the numbers exceed expectations, or a gap down if they disappoint.
Analysts are expecting the company to report earnings of $1.49 per share on $78.61 billion in revenue, while the unofficial ‘Whisper number’ stands at $1.55 per share. Alphabet has shown steady earnings growth in recent years, with earnings of $2.64 in 2020, $5.00 in 2021, and $5.74 in 2023. Projections suggest earnings could further increase to $6.91 in 2024 and $7.96 in 2025, with a price to earnings ratio of 28.
On the technical side, Alphabet’s stock is currently trading around 5% below its 52-week high and above its 50-day moving average line. The stock is close to its all-time high, and investors are closely watching for any significant movement following the earnings announcement. Relative strength is strong, with the stock outperforming its peers and major indices.
Alphabet Inc. operates through three main segments: Google Services, Google Cloud, and Other Bets. The Google Services segment offers a wide range of products and services, including ads, Android, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. The Google Cloud segment provides infrastructure and cybersecurity services, while the Other Bets segment focuses on healthcare and internet services. The company was founded in 1998 and is headquartered in Mountain View, California.
Investors should pay attention to how the stock reacts to the earnings news, as it can provide valuable insights into market sentiment and the company’s performance. It is important to manage risk by keeping losses small and not going against market trends. Alphabet’s stock has been highlighted on FindLeadingStocks.com, indicating interest from investors and analysts. Overall, the upcoming earnings report will be a key event for Alphabet and its shareholders, shaping the stock’s trajectory in the near future.
