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Can Alphabet Repeat Last Quarter’s Massive Success?

Thursday, October 27, 2016 11:33
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googleGoogle parent Alphabet Inc (NASDAQ:GOOGL) will post Q3 earnings after the bell today. Here’s what investors can expect from the search engine and tech juggernaut.

The first thing to remember regarding GOOGL earnings is that the company does not provide forward guidance. That can either be a benefit (if guidance was to be weak) or a hindrance (if results fall short of estimates, guidance can be a catalyst for share price upside).

Currently, Wall Street analysts expect Q3 EPS of $8.60 on $22.03 billion in revenue. Both of those figures would be massive jumps from the same period last year.

The bulk of Alphabet’s revenue is derived from mobile, pragmatic, and video advertising, but it also pours a large amount of money into what it calls “Other Bets.” Those investments have led to some pretty amazing things over the years, including several standalone businesses and even separate investment funds.

Likely the biggest threat to GOOGL missing numbers today is a deceleration in Search. At its heart, Google is still a search engine — still far and away the most popular one on earth (although Amazon is now beating Google for product searches). Last quarter, Google saw fantastic revenue growth of 20%, driven largely by Google website gains.

With Alphabet shares sitting at all-time highs, there will be little room for error in this evening’s report. Stay tuned after the bell today, as we’ll have full coverage on what promises to be a market-moving event.


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