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September 01, 2020 1:41pm
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Alphabet (GOOGL) To Report Earnings Tomorrow: Here Is What To Expect

GOOGL Cover Image

Online advertising giant Alphabet (NASDAQ:GOOGL) will be announcing earnings results tomorrow after market close. Here’s what to look for.

Alphabet met analysts’ revenue expectations last quarter, reporting revenues of $84.74 billion, up 13.6% year on year. It was a mixed quarter for the company: Revenue beat slightly despite a miss by YouTube segment revenue. Moving to the bottom line, operating income and EPS beat by more convincing amounts.

Is Alphabet a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Alphabet’s revenue to grow 12.4% year on year to $86.23 billion, improving from the 11% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.85 per share.

Alphabet Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Alphabet has missed Wall Street’s revenue estimates twice over the last two years.

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

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