Alphabet's Earnings Preview: Steady growth and a focus on its AI story

  • 📰 DailyFX
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Alphabet, Google's parent company, is scheduled to report second quarter earnings on 23 July 2024 after US markets close. Here's a breakdown of what to expect and watch for.

Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇪🇺EUR: -0....Alphabet’s consensus EPS forecast for the second quarter of the year is $1.85, a slight decrease from the previous quarter at $1.89, but still a 28% increase compared to the same quarter last year.

Based on the company's actual results over the past four quarters, Alphabet has delivered an average upside surprise of 10.62%. When it comes to AI, the hot topic investors are eagerly watching, the spotlight will be on how generative AI is rolled into Google’s market-leading search and cloud services. Moreover, all eyes will be on how the tech giant is turning their massive AI investments into profits, with their quarterly results set to reveal this crucial step.Alphabet’s earnings report arrives just as the market begins shifting away from high-flying tech stocks, following this year’s impressive rally.

The crucial price point to watch around the earnings date will be at $172. This level represents a 10% decline from its recent peak of $191. Additionally, the weekly chart shows this as a key juncture, where the April peak and the previous resistance-turned-support trendline converge, offering double layers of support. If this support level breaks, the price could slide towards $158-$162, the gap left by the previous earnings date.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 305. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Earnings playbook: Your guide to a busy week of earnings, including Alphabet and TeslaWall Street will get its first glimpse of Big Tech earnings this week.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Dow Jones, Nasdaq, S&P 500 weekly preview: Focus shifts to Q2 earningsDow Jones, Nasdaq, S&P 500 weekly preview: Focus shifts to Q2 earnings
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

FedEx earnings preview: Analysts discuss key focus areas for the FQ4 reportFedEx earnings preview: Analysts discuss key focus areas for the FQ4 report
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Nike earnings preview: Analysts discuss Q4 report’s key focus areasNike earnings preview: Analysts discuss Q4 report’s key focus areas
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Alphabet earnings and 3 more things we're watching in the stock market next weekAlphabet headlines a group of Club holdings reporting earnings next week. Meanwhile, the Fed's favorite inflation gauge is the biggest economic release.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

US stock futures steady as Wall St falls after CPI data; Q2 earnings awaitedUS stock futures steady as Wall St falls after CPI data; Q2 earnings awaited
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »