GOOGL - Exploring Analyst Estimates for Alphabet Q1 Earnings Beyond Revenue and EPS | Benzinga
The upcoming report from Alphabet (NASDAQ: GOOGL) is expected to reveal quarterly earnings of $1.49 per share, indicating an increase of 27.4% compared to the year-ago period. Analysts forecast revenues of $66.02 billion, representing an increase of 13.7% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, ...