Online advertising giant Alphabet (NASDAQ:GOOGL) will be announcing earnings results this Wednesday after the bell. Here’s what to expect.
Alphabet beat analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $102.3 billion, up 15.9% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ revenue estimates.
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This quarter, analysts are expecting Alphabet’s revenue to grow 15.4% year on year to $111.4 billion, improving from the 11.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.64 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Alphabet has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.5% on average.
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