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Skynet (GOOG GOOGL Earnings)

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.


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