Q: What is Alphabet 2024/Q1 Earnings Preview?
TigerGPT Answer: 【Forecast Data】
The financial forecast data for Alphabet Inc. (GOOG) this quarter includes an earnings per share (EPS) estimate of $1.51, total revenue estimate of $78,595,440,190, and EBIT estimate of $22,331,425,430. Compared to the same period last year:
- EPS has increased by 29.06% from $1.17.
- Total revenue has increased by 12.61% from $69,787,000,000.
- EBIT has increased by 28.22% from $17,415,000,000.
The significant increase in EPS suggests improved profitability, while the growth in revenue indicates an expansion in the company's business activities. The rise in EBIT suggests better operational efficiency and earnings potential.
【Quarterly Important News】
Key news over the past quarter includes:
- Alphabet Inc. fired 28 employees who protested the company's cloud contract with the Israeli government. This could reflect internal challenges and impact the company's reputation and employee relations.
- Positive developments include partnerships with OnePlus and Oppo to integrate advanced AI features into their devices, which could enhance Alphabet's AI capabilities and market reach.
These events could influence investor sentiment and potentially affect the company's operational efficiency and future growth prospects.
【Forecast Viewpoints】
Current viewpoints on Alphabet's financial report suggest optimism, with analysts expecting the company to continue its streak of beating earnings estimates. The positive Earnings ESP and Zacks Rank indicate a potential earnings beat.
- Earnings week ahead: Earnings week ahead: Tesla, Meta Platforms, Google, Microsoft, Intel, Exxon Mobil, and more
- Will Alphabet (GOOGL) Beat Estimates Again in Its Next Earnings Report?: Will Alphabet (GOOGL) Beat Estimates Again in Its Next Earnings Report?
- Bank of America Sets Expectations on Alphabet Stock Ahead of Q1:24 Earnings: Bank of America Sets Expectations on Alphabet Stock Ahead of Q1:24 Earnings
- Big Tech Earnings Are Just Around the Corner: Big Tech Earnings Are Just Around the Corner
- Tech earnings season is coming and AI is top of mind: Tech earnings season is coming and AI is top of mind
【Stock Trend Analysis】
Alphabet's stock price has seen a quarterly fluctuation of 8.04%. The latest price is $155.72, with a support level at $156.65 and a resistance level at $143.15. The stock price has slightly decreased from the support level, indicating a potential consolidation phase. Analysts have a generally positive outlook, with 6 recommendations, 7 buys, and 3 holds. The mean target price is $165.29, with a range from $145.00 to $185.00.
【Options Large Order Analysis】
The options market shows a mix of bullish and bearish signals with large orders for both call and put options at the $155.0 strike price. The selling of call options at the $120.0 strike price suggests some traders may expect limited upside potential. This mixed sentiment indicates uncertainty about the financial report exceeding or falling below expectations.
【Analyst Ratings and Target Price Forecast】
Based on analyst ratings and target prices, Alphabet appears to be at a standard valuation. The target price range suggests a potential upside, but the stock is not considered significantly undervalued or overvalued.
【Comprehensive Conclusion】
Alphabet Inc. is expected to report improved financial performance compared to the previous year, with potential to beat earnings estimates. The stock is currently experiencing consolidation, and the options market presents a mixed sentiment. Analysts have a positive but cautious outlook on the stock.
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.
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