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GOOGL May Be The Best MAG7 Earnings Setup

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Alphabet (GOOGL) is the next MAG7 name to report Q4 earnings after the market close on Tuesday.

David Prince shares what the market is focused on for this report:

GOOGL typically releases financial results right after the market closes and the quarterly conference call is scheduled for 4:30 p.m. ET.

As of Monday's close, the expected move on this name is +/- $11.72 or 5.8%.

Here's what the market is expecting GOOGL to report:

  • Revenue: $96.67 billion, +9.5% from Q3
  • EPS: $2.13, +0.4% from Q3

Current analyst ratings on GOOGL:

  • 49 Buy, 12 Hold, 0 Sell
  • $216.37 Average Price Target

GOOGL has beat both revenue and earnings expectations for the past 4 quarters in a row.

But the 1-day move after earnings has been lower for 2 out of 4 quarters.

Take a look:


Data: Koyfin

And here's a look at how the stock has moved since the company last reported earnings on October 29, 2024:

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