After the close, Google's parent company, Alphabet (GOOG), will report 1Q21 results.

Analysts are expecting GOOG to report EPS and revenue of $15.64 and $51.4 bln, equating to yr/yr growth of 58% and 25%, respectively


Considering that the secular trend of consumers moving more activity online, including shopping and buying, remains firmly in place, and that the economy has strengthened since Q4, there is an expectations of robust advertising revenue growth again tonight from Google.

GOOGL's cloud business is also in line to post healthy growth once again due to the ever-increasing amount of data moving to the cloud. Operating expenses likely increased during Q1 so it will be important to monitor that.

TECHS:

The stock has been red-hot heading into the print, up over 20% since GOOG last reported earnings in early February, to trade at record highs. The sharp rally indicates that investors are clearly anticipating strong results tonight. Coming off a phenomenal Q4 in which GOOG crushed EPS and revenue expectations, there's good reason for investors to feel bullish as business conditions have only improved since then.

RESULTS:

Alphabet beats by $10.65, beats on revs, total Google advertising revenue growth of 32%, cloud revenue growth of 45%

Reports Q1 (Mar) earnings of $26.29 per share, $10.65 better than the S&P Capital IQ Consensus of $15.64; revenues rose 34.4% year/year to $55.3 bln vs the $51.4 bln S&P Capital IQ Consensus.

Google Search & Other revenue of $31.9 bln, up 30% yr/yr.

YouTube ads revenue of $6.0 bln, up 50% yr/yr.

Total Google advertising revenue of $44.7 bln, up 32% yr/yr.

Google Cloud revenue of $4.0 bln, up 45% yr/yr; operating loss of ($974) mln compared to ($1.7) bln in year-ago quarter.

Operating margin of 30% vs. 19% in year-ago quarter.

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