Alphabet’s Q3 Earnings Results Analysis
Overview
Alphabet, the parent company of Google, is set to release its third quarter earnings results soon. The Street consensus is expecting $1.84 in EPS on $86.3 billion in revenue and $26.44 billion in operating income, for expected year-over-year growth of 19%, 13%, and 24% respectively.
EPS Estimates
Unlike the EPS estimate revisions, which have remained stable since the April ’24 quarter, Google’s revenue estimate revisions have seen downward revisions of late, particularly in the 2026 column, even though 2025 estimates remain fairly stable.
Valuation and Stock Price
Trading at $165 per share, Google is valued at 22x ’24 EPS for estimated EPS growth of 20% and 14% in 2024 and 2025. The stock is quite cheap on a PEG basis, even at today’s levels.
Implications
The upcoming earnings release will provide valuable insights into Alphabet’s performance and outlook. Investors will be closely watching the results to gauge the company’s growth trajectory and profitability.
How will this affect me?
As an individual investor, the earnings results could impact the value of your investment in Alphabet. Positive results may lead to an increase in stock price, while negative results could result in a decline.
How will this affect the world?
Alphabet’s earnings results can have broader implications for the technology sector and the overall market. Strong performance could boost investor confidence and have a positive impact on other tech stocks.
Conclusion
In conclusion, Alphabet’s Q3 earnings results will be closely watched by investors and analysts alike. The company’s performance and outlook will provide important signals for the tech sector and the market as a whole.
