Exploring Analyst Estimates for Alphabet (GOOGL) Q1 Earnings, Beyond Revenue and EPS

Wall Street analysts forecast that Alphabet (GOOGL) will report quarterly earnings of $2.01 per share in its upcoming release, pointing to a year-over-year increase of 6.4%. It is anticipated that revenues will amount to $75.53 billion, exhibiting an increase of 11.8% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 3.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.That said, let's delve into the average estimates of some Alphabet metrics that Wall Street analysts commonly model and monitor.Analysts expect 'Revenues- Google properties' to come in at $59.36 billion. The estimate indicates a change of +9.4% from the prior-year quarter.The average prediction of analysts places 'Revenues- Google Cloud' at $12.18 billion. The estimate indicates a year-over-year change of +27.2%.The consensus among analysts is that 'Revenues- YouTube ads' will reach $8.91 billion. The estimate indicates a change of +10.1% from the prior-year quarter.Analysts predict that the 'Revenues- Google advertising' will reach $66.34 billion. The estimate indicates a year-over-year change of +7.6%.Analysts forecast 'Revenues- Google Search & other' to reach $50.29 billion. The estimate indicates a change of +9% from the prior-year quarter.The combined assessment of analysts suggests that 'Revenues- Google Network' will likely reach $7.11 billion. The estimate suggests a change of -4.2% year over year.Based on the collective assessment of analysts, 'Revenues- EMEA' should arrive at $25.85 billion. The estimate points to a change of +8.7% from the year-ago quarter.According to the collective judgment of analysts, 'Revenues- United States' should come in at $43.27 billion. The estimate points to a change of +11.7% from the year-ago quarter.Analysts' assessment points toward 'Revenues- Other Americas (Canada and Latin America)' reaching $5.01 billion. The estimate indicates a year-over-year change of +7.6%.The collective assessment of analysts points to an estimated 'Revenues- APAC' of $14.33 billion. The estimate suggests a change of +7.8% year over year.It is projected by analysts that the 'Total TAC (traffic acquisition costs)' will reach $13.59 billion. Compared to the current estimate, the company reported $12.95 billion in the same quarter of the previous year.The consensus estimate for 'Headcount (Number of employees)' stands at 183,390. The estimate compares to the year-ago value of 180,895.View all Key Company Metrics for Alphabet here>>>Over the past month, shares of Alphabet have returned -7.2% versus the Zacks S&P 500 composite's -6.9% change. Currently, GOOGL carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alphabet Inc. (GOOGL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks