Google’s Alphabet Stock Approaches Buy Point With Earnings Due

With its next quarterly earnings report due on or around Oct. 26, IBD 50 member Alphabet (GOOGL) is trading approximately 2% shy of a 2,925.17 entry. The entry is based on a third-stage flat base for the Google parent company, which involves more risk than a first- or second-stage formation.


Keep in mind that buying close to when a stock reports can be risky. You don’t know how the stock will report and how the market will react, and you don’t have enough time to build a profit cushion. You can minimize your exposure by waiting to see how the company reports and how the market reacts.

Is Google Stock A Buy Now

Alphabet Stock’s Top And Bottom Line Numbers

Taking a look at top and bottom line numbers, Alphabet has posted rising EPS growth over the last four quarters. Top line growth has also increased over the same time frame.

Consensus analyst estimates call for earnings-per-share growth of 65% for the quarter, and 92% growth for the full year. Annual earnings estimates were recently revised upward.

Alphabet stock has a 99 Composite Rating and holds the No. 1 rank among its peers in the Internet-Content industry group.  Cargurus (CARG) is also among the group’s highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

MarketSmith: Research, Charts, Data And Coaching All In One Place

See How To Reduce Risk, Increase Profits With Swing Trading

Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button