Alphabet Q3 Earnings Preview: Is The Company On The Brink Of A '1995 Moment' In AI Revolution?
Portfolio Pulse from Piero Cingari
Alphabet Inc. is set to release its Q3 earnings report, with analysts predicting robust performance. The company's earnings per share (EPS) is expected to be $1.46, and revenue is projected at $76.02 billion. This would mark the highest performance since Q4 2021 and a 38% increase compared to the same quarter in 2022. Goldman Sachs and Evercore have a bullish outlook on Alphabet, citing growing revenues from Search and YouTube Ads, and AI-related initiatives. Wedbush also views Alphabet as a top tech pick, alongside Amazon and Meta Platforms.
October 23, 2023 | 8:35 pm
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Wedbush views Amazon as a top tech pick, alongside Alphabet and Meta Platforms. This positive outlook could have a positive impact on Amazon's stock price.
The positive outlook from Wedbush could lead to a positive impact on Amazon's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Alphabet's Q3 earnings report is expected to show strong performance, which could positively impact its stock price. Analysts from Goldman Sachs, Evercore, and Wedbush have a bullish outlook on the company.
The expected strong performance in Alphabet's Q3 earnings report, along with the bullish outlook from analysts, could lead to a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Alphabet's Q3 earnings report is expected to show strong performance, which could positively impact its stock price. Analysts from Goldman Sachs, Evercore, and Wedbush have a bullish outlook on the company.
The expected strong performance in Alphabet's Q3 earnings report, along with the bullish outlook from analysts, could lead to a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Wedbush views Meta Platforms as a top tech pick, alongside Alphabet and Amazon. This positive outlook could have a positive impact on Meta's stock price.
The positive outlook from Wedbush could lead to a positive impact on Meta's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50