Google parent Alphabet (GOOG) is scheduled to report 4Q21 results with a conference call following at 5:00 p.m. ET.
For the quarter, analysts are expecting the company to report EPS and revenue of $27.28 and $71.8 bln, equating to estimated yr/yr growth of 22% and 26%, respectively.
GOOG's results will provide a look into the potential of the digital advertising space ahead of upcoming earnings reports from Snap (SNAP), Twitter (TWTR), and Meta Platforms (FB)
Last quarter, GOOG outperformed all social media counterparts by easily surpassing top and bottom line estimates.
Momentum for advertising spending on GOOG's platforms was also broad-based with retail in particular continuing its trend of outperformance.
TECHS:
GOOG has been a monster. It’s easily crushed EPS and revenue expectations in each of the past six quarters. Another big beat is expected tonight given that shares have ripped higher by 6% since last Thursday.
If you liked this content please click the ❤️ below and/or share this post.
SHAMLESS PLUGS
CLICK HERE TO CHECK OUT MY 2022 PREVIEW OPINION PACKET. OVER 80 PAGES OF CONTENT AND INFORMATION AVAILABLE HERE.
TOTALLY FREE Trading Packet!
Click here to get my packet that shows you how I traded $600 into $100K FOR FREE.
This packet will explain to you in depth how I trade and how I manage my risk.
I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.
Check out the latest episodes on my YouTube above and SoundCloud channel below.