Alphabet Inc. is set to announce its earnings after the market closes on Thursday, with the stock currently trading near $152, not far from its record high of $160.22 in 2024. Investors are anticipating potential big moves in the stock depending on the earnings report. Analysts are expecting the company to report a gain of $1.49 per share on $78.61 billion in revenue, while the unofficial “Whisper number” is slightly higher at $1.55 per share.
Over the past few years, Alphabet has shown strong earnings growth, with the company earning $2.64 in 2020, $5.00 in 2021, and $5.74 in 2023. Looking ahead, analysts predict earnings to continue growing to $6.91 in 2024 and $7.96 in 2025. The stock currently has a price to earnings ratio of 28, which is 1.2 times the S&P 500 index.
On a technical level, Alphabet’s stock is performing well, trading around 5% below its 52-week high and above its 50-day moving average. The stock has shown strong relative strength compared to its peers and major indices, with investors hoping for a positive reaction after the earnings report that could lead to a gap up and rally, or a gap down and fall.
Alphabet operates through its Google Services, Google Cloud, and Other Bets segments, providing various products and platforms globally. The Google Services segment includes popular products like ads, Android, YouTube, and Google Maps, while the Google Cloud segment offers cloud-based services for enterprises. The Other Bets segment focuses on selling healthcare-related and internet services. The company was founded in 1998 and is headquartered in Mountain View, California.
During earnings season, investors should pay close attention to how the market reacts to news like earnings reports, focusing on the stock’s response. It is important to keep losses small and not go against the market trend. Alphabet’s stock has been featured on FindLeadingStocks.com, indicating potential interest from investors and analysts. As the earnings report approaches, investors will be closely monitoring Alphabet’s performance to see how the stock reacts to the news.
