Poll : GOOG % up/down after results tomorrow
The market currently forecasts only $1.08 per share in profits for Google's first quarter, representing a 12% YoY decline. Google was expected to earn $1.28 per share in profits in the first quarter of last year, but instead earned $1.23 per share. Here's what analysts are expecting to see out of Alphabet, according to data compiled by Bloomberg: Revenue: $68.96 billion EPS: $1.08 Google Ad Revenue: $53.75 billion YouTube Ad Revenue: $6.64 billion Alphabet shares are up just over 20% so far this year, outpacing the Nasdaq's 14% rise over that period. The cloud segment, which I believe is a hidden gem within Google, will be the one to watch on April 25, 2023. Cloud sales more than doubled between 2020 and 2022, and it is the segment with the greatest potential for growth for Google. The segment is not profitable, with cloud posting a $3 billion operating loss in 2022, but the business is on a good trajectory, with new customers signing on and sales increasing 37% in 2022 alone. If Google beats expectations in 1Q-23, it will most likely be due to the expansion of Google's cloud services.
Disagree, I actually think we’ll beat on Ads/Search, and a slight beat on YT. I think Cloud growth will have slowed—I think that combo translates to a moderate move to the upside, but… I think if we have layoffs tomorrow, or if Sundar strongly telegraphs a second round, that takes us higher. Idk about over 5%—at a $1.4T market cap, that seems high—but I think cuts to opex are what the market wants to here.
+1. Believe google cloud will see a sales slowdown. With Ads also taking a hit, and costs rising. If cloud were showing such strong revenue growth they’d be hiring at same pace as prior.
I need some time to think and crunch numbers. Give me 24 hours
You have analyst qualifications