Q: What is Alphabet 2024/Q1 Earnings Preview?
TigerGPT Answer: 【Forecast Data】
The financial forecast data for Alphabet Inc. (GOOGL) this quarter includes an earnings per share (EPS) estimate of $1.51, total revenue estimate of $78,592,321,310, and EBIT estimate of $22,322,131,760. Compared to the same period last year:
- EPS has increased by 29.06% from $1.17.
- Total revenue has increased by 12.59% from $69,787,000,000.
- EBIT has increased by 28.16% from $17,415,000,000.
The significance of these changes indicates that Alphabet is expected to have experienced significant growth in profitability, revenue, and operational efficiency compared to the previous year.
【Quarterly Important News】
Key news over the past quarter includes:
- Alphabet dismissed 28 employees who protested the company's cloud contract with the Israeli government. This could reflect internal challenges and potential disruptions in the company's operations.
- Layoffs across various industries at the start of 2024 suggest a trend that Alphabet may also be a part of, indicating cost-cutting measures and a focus on efficiency.
The impact of these events on the current financial report could be mixed, with potential cost savings from workforce reductions possibly contributing to improved EBIT, while internal disputes may affect the company's public image and employee morale.
【Forecast Viewpoints】
Current viewpoints on Alphabet's financial report suggest optimism:
- Analysts have a positive outlook, with a history of Alphabet beating earnings estimates and a positive Earnings ESP indicating potential for another earnings beat. {Earnings week ahead: Tesla, Meta Platforms, Google, Microsoft, Intel, Exxon Mobil, and more: Earnings week ahead}
- Expectations are set for Alphabet's stock ahead of Q1:24 earnings. {Bank of America Sets Expectations on Alphabet Stock Ahead of Q1:24 Earnings: Bank of America Sets Expectations}
- Generative AI and its monetization are top of mind for investors, which could influence Alphabet's future development. {Tech earnings season is coming and AI is top of mind: Tech earnings season is coming}
【Stock Trend Analysis】
Alphabet's stock price has seen an 8.05% increase from the last financial report release date to the current date. The latest price is $154.09, with a support level at $154.66 and a resistance level at $142.06. This suggests a positive trend, but the stock is currently trading near its support level, which could indicate potential changes if the support level is broken.
【Options Large Order Analysis】
The options large order analysis shows mixed signals with both call and put options being bought and sold. However, the presence of large put option orders suggests that some investors are hedging against the possibility of the financial report falling below expectations.
【Analyst Ratings and Target Price Forecast】
With 14 recommendations, 30 buys, and 10 holds, analysts seem to have a generally favorable view of Alphabet. The mean target price is $166.47, with a low estimate of $114.76 and a high estimate of $190.00. This indicates that Alphabet is currently trading below the mean target price, suggesting it may be undervalued.
【Comprehensive Conclusion】
Alphabet Inc. is expected to report strong financial results with significant year-over-year growth. The stock is currently on a positive trend, although it is trading near its support level. Analysts are generally bullish on the stock, and the options market shows a mix of expectations. Overall, Alphabet appears to be in a solid position heading into the earnings report, with potential upside based on analyst target prices.
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.
