Alphabet smashes Q3 analysts’ estimates beating revenues by $3.3 billion.

 

 

 

 

Alphabet Inc GOOGL+$69.8273(4.49%) Volume is  3.0M Above Avg. Credit Suisse and Thompson routers have an outperform rating on the stock.

Trend Analysis

GOOGL appears to be consolidating within a longer-term uptrend. Shares are presently above the 200-day moving average, which is rising along with the 10-day moving average. However, the Average Directional Index, or ADX, is below 20, indicating that shares have exhibited sideways movement recently. Comparative Relative Strength analysis shows that this issue is outperforming the S&P 500.

3rd Quarter Earnings Announcement Expected: Earnings will tentatively be announced 02/01/2021 after market close. With 34 analysts covering GOOGL, the consensus EPS estimate is $11.29, and the high and low estimates are $14.67 and $8.95. Current Quarter vs. Prior Year:

For the third quarter 2020, analysts estimate GOOGL will earn $11.29 non-GAAP per share, an increase of 11.55% over the prior year third quarter non-GAAP results.

As of 12:39 PM ET Friday, 10/30/2020 Source: Charles Schwab

Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure. It also offers digital content, cloud services, hardware devices, and other miscellaneous products and services. The Other Bets segment includes businesses, including Access, Calico, CapitalG, GV, Verily, Waymo, and X, as well as Internet and television services. Alphabet Inc. was founded in 1998 and is headquartered in Mountain View, California.

CWEB Analyst see Google stock as a safe bet for long term growth and a great addition to one’s portfolio and upward of $2300 by 2021

 

 

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