Shares of Alphabet Inc. (GOOGL – Free Report) were down more than 1.5% in early afternoon trading Monday, just days before the Google parent is scheduled to release its Q3 earnings report. Right now, Alphabet seems to be dealing with hardware concerns related to its new Pixel 2 phones, but investors should certainly still expect the company’s earnings announcement to hog the headlines this week.

While a shift to mobile computing once threatened Google’s traditional search business, management has successfully adapted to changing consumer trends by expanding its operations into nearly every corner of the modern tech world.

Today, Google and the other subsidiaries under the Alphabet umbrella sit on the cusp of dominance in several booming industries, including cloud computing, mobile payments, ecommerce, and artificial intelligence. Of course, search is still the company’s bread and butter, but there’s plenty more to be excited about if you’re an Alphabet investor right now.

Shares of GOOGL have gained nearly 27% year-to-date, and the stock is currently sporting a Zacks Rank #3 (Hold). What’s more, Alphabet has met or surpassed the Zacks Consensus Estimate in four out of the five trailing quarters. Plus, with the stock’s positive Earnings ESP of 1.77%, investors can feel more confident about the possibility of another earnings beat.

Heading into Alphabet’s report date, our current consensus estimates are calling for the company to post earnings of $8.39 per share and revenues of $21.94 billion. While GOOGL’s profits are projected to slump about 7.4% year-over-year, the company’s top line growth is expected to hit an impressive 20.1%—underscoring the potential for its expansion efforts to pay off down the line.

Of course, earnings and revenue are just two of the many things investors will be looking at when Alphabet reports on Thursday. Check out these three additional things to expect:

Print Friendly, PDF & Email

Related Posts