Alphabet 2023/Q3 Earnings Preview
【Forecast Data】
The financial forecast data for Alphabet (GOOG) this quarter is as follows:
- Earnings per share (EPS): $1.44
- Total revenue: $75,881,400,660
- EBIT: $21,376,604,610
Comparing to the same period last year:
- EPS has increased by 35.85% (from $1.06)
- Total revenue has increased by 9.85% (from $69,092,000,000)
- EBIT has increased by 24.71% (from $17,135,000,000)
These changes signify a strong growth in the company's financial performance compared to the same period last year.
【Quarterly Important News】
Key news related to Alphabet over the past quarter include:
1. Google Pixel 6 users reported serious bugs after upgrading to Android 14, affecting devices such as Google Pixel 6, Pixel 6 Pro, and Pixel 6a. Google suggested users restore factory settings, causing dissatisfaction among users. Source
2. South Africa's Competition Commission launched a "Media and Digital Platform Market Inquiry" to assess the impact of large tech companies like Google and Meta on local media industry advertising revenue. Source
【Forecast Viewpoints】
Relevant articles on Alphabet's financial report include:
1. Alphabet Q3 Earnings Preview: Cloud and Ad Services May Maintain Strong Growth Momentum
2. Alphabet to Report Q3 Results: Wall Street Expects Earnings Growth
【Stock Trend Analysis】
Alphabet's stock price has increased by 10.05% over the past quarter, from the last financial report release date to the current date. The latest stock price is $136.74 (as of 2023-10-21), with support and resistance levels at $138.98 and $131.18, respectively. This indicates a positive trend in the stock price, with potential for further growth.
【Options Large Order Analysis】
From the perspective of options large orders, there are more call options (bullish) than put options (bearish), suggesting a higher probability of the financial report exceeding expectations.
【Analyst Ratings and Target Price Forecast】
Based on analyst ratings and target prices, Alphabet is currently at a standard valuation. Out of 10 analysts, 6 recommend buying, 6 rate it as a hold, and none rate it as a sell. The mean, low, and high target estimates are $143.5, $120.0, and $160.0, respectively.
【Comprehensive Conclusion】
Alphabet has shown strong growth in its financial performance compared to the same period last year. The stock price has been on an upward trend, and options large orders suggest a higher probability of the financial report exceeding expectations. Based on analyst ratings and target prices, the company is currently at a standard valuation.
【Disclaimer】
The above content is generated by the AI robot TigerGPT and does not represent any personal views. The content is for reference only and does not constitute any investment advice.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
