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Online advertising giant Alphabet (NASDAQ:GOOGL) will be reporting results this Wednesday after market hours. Here’s what investors should know.
Alphabet beat analysts’ revenue expectations last quarter, reporting revenues of $109.9 billion, up 21.8% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ EPS estimates.
Is Alphabet a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Alphabet’s revenue to grow 21.5% year on year, improving from the 13.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Alphabet rarely misses Wall Street’s revenue estimates.
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