Alphabet Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) is set to release its Q3 earnings on Oct. 29, with expectations of $1.84 EPS and $86.3 billion in revenue. Analysts have revised their forecasts, with several maintaining or increasing their price targets. The company's AI advancements, such as Project Jarvis, are also highlighted.
October 29, 2024 | 6:40 pm
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POSITIVE IMPACT
Alphabet Inc. is expected to report strong Q3 earnings with $1.84 EPS and $86.3 billion in revenue. Analysts have revised their ratings, with some increasing price targets. The company's AI initiatives, such as Project Jarvis, are also gaining attention.
The upcoming earnings report is expected to show significant growth in both EPS and revenue compared to the previous year. Analysts have shown confidence by maintaining or increasing their price targets, indicating positive sentiment. Additionally, Alphabet's advancements in AI, such as Project Jarvis, are seen as a major development, potentially boosting investor confidence further.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Alphabet Inc. is set to release Q3 earnings with expectations of $1.84 EPS and $86.3 billion in revenue. Analysts have adjusted their ratings, with some increasing price targets. The company's AI projects, like Project Jarvis, are noteworthy.
The anticipated earnings report is expected to reflect strong growth, with analysts showing optimism through revised ratings and increased price targets. The focus on AI advancements, such as Project Jarvis, adds to the positive outlook, potentially driving short-term stock price increases.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100