Alphabet Inc. investors are probably breathing a little easier ahead of the company’s Thursday afternoon earnings report, all thanks to Facebook.
What to expect Earnings: Analysts tracked by FactSet expected Alphabet to post $1.18 a share in adjusted earnings, down from $1.53 a share a year prior. According to Estimize, which crowdsources projections from hedge funds, academics, and others, the average estimate was $1.19 a share in adjusted earnings.
Of the 51 analysts tracked by FactSet who cover Alphabet’s stock, 47 had buy ratings and four had hold ratings, with an average target price of $123.22.What else to watch for Evercore ISI analyst Mark Mahaney expressed some caution about the ad industry in a preview of Alphabet’s earnings that came out before Meta’s report.
What about amazon