Alphabet reports earnings after the market close. Here's how analysts see it playing out

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Investment Strategy Notícia

Stock Markets,Alphabet Inc,Earnings

Wall Street is eyeing Alphabet's search performance and the impact of integrating artificial intelligence on its second quarter numbers.

Alphabet is set to report second-quarter earnings after the market closes Tuesday, one of the first of the " Magnificent Seven " to post its results this earnings season. For the period ended June 30, analysts polled by LSEG are expecting the Google and YouTube parent to post earnings of $1.84 per share on revenue of about $84.2 billion. That's a 28% increase in earnings per share and a 13% increase in revenue compared to the same period a year ago.

mountain 2024-07-22 Alphabet, 2-day Bernstein analyst Mark Shmulik also chooses to stay neutral, rating Alphabet market-perform. Though the analyst sees Alphabet's second-quarter earnings setup as "remarkably similar" to the first quarter, the difference now is that the stock has "largely shaken off" the risk of generative AI.

 

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