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Countdown to Alphabet (GOOGL) Q3 Earnings: Wall Street Forecasts for Key Metrics
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In its upcoming report, Alphabet (GOOGL - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.94 per share, reflecting an increase of 2.4% compared to the same period last year. Revenues are forecasted to be $111.64 billion, representing a year-over-year increase of 27.6%.
The current level reflects an upward revision of 1.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Alphabet metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Revenues- Google advertising' will reach $83.52 billion. The estimate indicates a year-over-year change of +12.6%.
Based on the collective assessment of analysts, 'Revenues- YouTube ads' should arrive at $11.34 billion. The estimate indicates a change of +10.6% from the prior-year quarter.
Analysts forecast 'Revenues- Google Cloud' to reach $29.16 billion. The estimate indicates a year-over-year change of +92.4%.
According to the collective judgment of analysts, 'Revenues- Google subscriptions, platforms, and devices' should come in at $14.85 billion. The estimate indicates a change of +15.4% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- Google Search & other' will likely reach $64.99 billion. The estimate points to a change of +14.9% from the year-ago quarter.
The consensus among analysts is that 'Revenues- Google Services total' will reach $98.42 billion. The estimate suggests a change of +13.1% year over year.
The consensus estimate for 'Revenues- EMEA' stands at $34.62 billion. The estimate points to a change of +15.7% from the year-ago quarter.
The average prediction of analysts places 'Revenues- United States' at $64.36 billion. The estimate suggests a change of +32% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Other Americas (Canada and Latin America)' of $7.15 billion. The estimate indicates a change of +17.9% from the prior-year quarter.
Analysts' assessment points toward 'Revenues- APAC' reaching $22.01 billion. The estimate points to a change of +23.5% from the year-ago quarter.
Analysts expect 'Total TAC (traffic acquisition costs)' to come in at $16.53 billion. The estimate is in contrast to the year-ago figure of $14.88 billion.
Analysts predict that the 'Headcount (Number of employees)' will reach 200,611 . The estimate is in contrast to the year-ago figure of 190,167 .
Over the past month, shares of Alphabet have returned -5.3% versus the Zacks S&P 500 composite's -1.2% change. Currently, GOOGL carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Countdown to Alphabet (GOOGL) Q3 Earnings: Wall Street Forecasts for Key Metrics
In its upcoming report, Alphabet (GOOGL - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.94 per share, reflecting an increase of 2.4% compared to the same period last year. Revenues are forecasted to be $111.64 billion, representing a year-over-year increase of 27.6%.
The current level reflects an upward revision of 1.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Alphabet metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Revenues- Google advertising' will reach $83.52 billion. The estimate indicates a year-over-year change of +12.6%.
Based on the collective assessment of analysts, 'Revenues- YouTube ads' should arrive at $11.34 billion. The estimate indicates a change of +10.6% from the prior-year quarter.
Analysts forecast 'Revenues- Google Cloud' to reach $29.16 billion. The estimate indicates a year-over-year change of +92.4%.
According to the collective judgment of analysts, 'Revenues- Google subscriptions, platforms, and devices' should come in at $14.85 billion. The estimate indicates a change of +15.4% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- Google Search & other' will likely reach $64.99 billion. The estimate points to a change of +14.9% from the year-ago quarter.
The consensus among analysts is that 'Revenues- Google Services total' will reach $98.42 billion. The estimate suggests a change of +13.1% year over year.
The consensus estimate for 'Revenues- EMEA' stands at $34.62 billion. The estimate points to a change of +15.7% from the year-ago quarter.
The average prediction of analysts places 'Revenues- United States' at $64.36 billion. The estimate suggests a change of +32% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Other Americas (Canada and Latin America)' of $7.15 billion. The estimate indicates a change of +17.9% from the prior-year quarter.
Analysts' assessment points toward 'Revenues- APAC' reaching $22.01 billion. The estimate points to a change of +23.5% from the year-ago quarter.
Analysts expect 'Total TAC (traffic acquisition costs)' to come in at $16.53 billion. The estimate is in contrast to the year-ago figure of $14.88 billion.
Analysts predict that the 'Headcount (Number of employees)' will reach 200,611 . The estimate is in contrast to the year-ago figure of 190,167 .
View all Key Company Metrics for Alphabet here>>>Over the past month, shares of Alphabet have returned -5.3% versus the Zacks S&P 500 composite's -1.2% change. Currently, GOOGL carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .