Alphabet (GOOG, GOOGL) 02 (Aug 17 - Dec 25)

[winston]

not vested

Alphabet (GOOGL)

Alphabet (“Google’s” corporate parent) saw revenue climb 34% year-over-year to $55.3 billion, which beat Wall Street’s consensus estimate by $3.6 billion.

Earnings of $26.29 per share rose 166% from a year prior and crushed analysts’ expectations for $15.66 per share by 68%.

Google Search brought in $31.9 billion in the quarter, a 30% gain from a year ago, YouTube ad revenue increased 49% from a year ago to $6 billion, and Cloud revenue soared 46% to $4.05 billion.

Looking forward, analysts estimate revenue will climb to $55.98 billion in the following quarter, while earnings should come in at $19.05 per share.

Looking ahead to the second quarter, analysts in April also increased their earnings estimates for S&P 500 companies by 4.2% — the second highest increase during the first month of the quarter since 2002, FactSet said.

Source: Investor Place

[winston]

not vested

Alphabet (GOOGL) – Announced July 27

Alphabet (Google’s corporate parent) saw revenue climb 61.58% year-over-year to $61.88 billion, which beat Wall Street’s consensus estimate of $56.08 billion by 10.35%.

Earnings of $27.26 per share rose 171.3% from a year prior and crushed analysts’ expectations for $19.08 per share by 42.9%.

Google’s chief business officer, Philipp Schindler, stated that retail was by far the largest contributor to the company’s ad growth.

Schindler also said that connected TV is the fastest growing “consumer surface” they have, with over 120 million people who watch YouTube on their TVs every month.

Alphabet’s TikTok competitor, YouTube Shorts, just reached 15 billion daily views, up from 6.5 billion in March.

Total Google ad revenue jumped 69% from a year earlier to $50.44 billion.

Traffic acquisitions costs (TAC) brought in $10.93 billion in the quarter, YouTube ad revenue increased to $7 billion, and Cloud revenue soared to $4.6 billion.

Looking forward, Alphabet chief financial officer, Ruth Porat, said she expects a more muted third quarter but did not give any hard estimates for next quarter.

Shares rocketed over 5% higher on the positive results.

Source: Investor Place

[winston]

not vested

Google Founders Sell Alphabet Shrs since May; Cashing in Over USD1.07B

The two Google founders, Larry Page and Sergey Brin, have been selling the shares of Google's parent company Alphabet since May, cashing in over USD1.07 billion in total.

Source: AAStocks Financial News

[winston]

not vested

Stocks to Buy: Alphabet (GOOG, GOOGL)

Forward P/E ratio of 27.6x.

For Q3 2021, Alphabet reported revenue of $65.1 billion. On a year-over-year (YOY) basis, revenue growth was 41%.

An important point to note is that Google services bring in a large portion of revenue. However, in the coming years, Google Cloud is likely to contribute more to growth and cash flows.

For Q3 2021, Google Cloud revenue was $5 billion. This already implies an annualized revenue of $20 billion. However, the segment reported an operating loss of $644 million for the quarter. Once the business scales up further, its EBITDA margin is likely to be robust.

Coming to cash flows, Alphabet reported operating cash flow of $25.5 billion for Q3 2021. For the same period, the company’s free cash flow was $18.7 billion. It therefore has an annual FCF potential of nearly $75 billion.

Source: Investor Place

[winston]

Alphabet Inc – Growth engine with monopoly power

Recommendation: ACCUMULATE (Initiation); TP: US$3380.00, Last Close: US$2922.40

Following a blistering 110% spike in earnings this year, we expect another 20% growth in FY22e.

The pandemic has accelerated the adoption of digital advertising and GOOGL monopolises online search market with a 92% share.

YouTube is making huge strides in commercialising its services via digital ad placements, and monetary incentives for content creators.

Consumer preferences tilting towards short-form and on-demand video.

Google Cloud is expected to grow faster than the industry’s 21% CAGR due to its aggressive go-to-market strategy, backed by an increase in digital transformation projects globally.

Initiate coverage with an ACCUMULATE recommendation and DCF-based target price (WACC 6.9%) of US$3380.00.

Source: Phillips

https://www.stocksbnb.com/reports/alpha ... oly-power/

[winston]

not vested

Alphabet (GOOG) Stock is Set to Soar to Over $4,000 Next Year

by Mark R. Hake

Based on its amount of FCF generating capability, GOOG stock is worth $4,024 per share, or 37% more than today’s price.

Analysts forecast that next year’s revenue will rise to $297.21 billion, up from estimates of $254 billion for this year. That represents a revenue growth rate of 17%.

TipRanks reports that 28 analysts have an average target price of just $3,368.75, very close to the Seeking Alpha price. That implies a similar 15% upside target for next year for GOOG stock.

Source: Investor Place

https://dailytradealert.com/2021/12/30/ ... next-year/

[behappyalways]

Alphabet Explodes 7% Higher After Beating Estimates Across The Board, 20-For-One Stock Split
https://www.zerohedge.com/markets/alpha ... ross-board

[behappyalways]

"Extremely Dangerous" - FitBit Recalls 1.7 Million Smartwatches That Can Burn User
https://www.zerohedge.com/technology/ex ... -burn-user

[winston]

not vested

Credit Suisse analyst Stephen Ju slashed the price targets on two Big Tech companies ahead of their quarterly earnings.

Ju cut the price target on Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google to $3,450 from $3,500 (34.3% upside) and kept an Outperform rating.

Ju maintained Outperform rating based on:
1) ongoing monetization improvements in Search through product-/AI-driven updates, 2) greater-than-expected revenue contribution from non-Search businesses (YouTube, Cloud, and Play),
3) optionality/shareholder value creation from new monetization initiatives such as Maps, Discover tab, as well as the eventual commercialization of Other Bets.

Ju continues to gather advertiser feedback suggesting raised spend allocation across Google properties given lingering IDFA-related headwinds.

While he has otherwise left his FXN growth estimates unchanged, Ju believes Q1 results should exceed consensus once again.

Source: Benzinga

[winston]

not vested

Alphabet misses on revenue as YouTube ad business slowed by Ukraine

by Paresh Dave and Nivedita Balu

The company stopped ad sales in Russia and brand advertisers, particularly in Europe, pulled back on spending.

Google overall derived 1% of its sales in 2021 from Russia.

YouTube advertising sales of $6.9 billion missed Wall Street's target of $7.5 billion, according to FactSet.

Alphabet said first-quarter sales were $68.01 billion, 23% higher than last year but below the average estimate of $68.1 billion among financial analysts tracked by Refinitiv.

Google is expected to grab 29%, or the leading share, of the $602 billion global online ad market in 2022.

Source: Reuters

https://www.theedgemarkets.com/article/ ... ed-ukraine