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The Best Options Trade for Google (GOOGL) Earnings

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On Thursday, October, 27th, Google (GOOGL - Free Report) will release its third quarter earnings results after the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of C.

Dave will look at Google’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Google ahead of earnings.

Google in Focus

Google Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce, and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California.

Google is expected to report earnings at $6.64 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 8.19% at $7.00 per share, beating estimates by $0.53 per share.

ALPHABET INC-A Price, Consensus and EPS Surprise

ALPHABET INC-A Price, Consensus and EPS Surprise | ALPHABET INC-A Quote

Google is trading around $823 a share, and their 52-week high is $838.50 per share. Their average EPS surprise is 1.66%.

Bottom Line

How should investors play Google ahead of their earnings report? For insights on the best options trades, make sure you are subscribe to Live Trader to see Dave Bartosiak at 1:30pm on Wednesday.

We classify Google as a part of the internet-services industry, and their industry is ranked bottom 42% according to the Zacks Industry Rank. Historically Google has been known as the top search engine going against competitors such as Yahoo and Microsoft’s Bing (MSFT - Free Report) . That said, Google in recent years have grown beyond a search engine by investing into various services and technology from cloud services to offering internet service in select markets. It’ll be interesting to see where Google goes in the foreseeable future.

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