MOUNTAIN VIEW, CALIFORNIA – JANUARY 31: A sign is posted in front of the Google campus building. … [+]
alphabet
Earnings preview:
The company is expected to report earnings of $1.14 per share on revenue of $76.6 billion. Meanwhile, the so-called Whisper number is up $1.14 per share. The Whisper Number is Street’s unofficial view of earnings.
Charts and data courtesy of MarketSmith Inc.
Fundamental Details:
Earnings have been declining over the past two quarters, not ideal for bulls. Revenue in 2021 he is expected to explode compared to 2020 and decline by 6% (compared to 2021) in 2022. Analysts expect 2023 revenue to grow by 10% year-over-year. Some people on the street expect earnings to bottom out and start growing again. If that happens, it should be a bullish backdrop for investors.
Technical details:
Technically, the stock has been under a lot of pressure over the past year, down about 29% from its early 2022 bear market high. Technically, the stock has just returned above the 200-day moving average and the bulls are hoping to stay above that all-important moving average. On the other hand, bears hope the gap in stocks will close and fall after reporting earnings.
Pay attention to how stocks react to news:
From where I sit, the most important feature I look for in an earnings period is how the market and particular companies react to the news. please don’t
Disclosure, Stocks was previously featured in my FindLeadingStocks.com newsletter.