Alphabet (GOOGL) Q3 Earnings: What To Expect

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Online advertising giant Alphabet (NASDAQ: GOOGL) will be reporting results this Wednesday afternoon. Here’s what you need to know.

Alphabet beat analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $96.43 billion, up 13.8% year on year. It was a very strong quarter for the company, with a narrow beat of analysts’ revenue estimates and an impressive beat of analysts’ revenue estimates.

Is Alphabet a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Alphabet’s revenue to grow 13.2% year on year to $99.91 billion, slowing from the 15.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.26 per share.

Alphabet Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Alphabet has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.3% on average.

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