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Google Q3 earnings preview

Date of earnings release

Date: 26/10/17 pre-market

 

The story

Dominance in internet search supported by the widespread adoption of the Android operating system has pushed shares of Google-parent Alphabet to above $1000 this year. The purchase of HTC’s mobile business for $1.1bn and the release of its critically claimed Pixel 2 suggest Google can take some market share from Smartphone market leaders, including Apple. Fines from European competition regulators and increased regulation of the internet look like headwinds Google can weather. Signs of a clampdown on tax avoidance in Europe can be offset by plans by Donald Trump to allow a tax holiday for US company foreign earnings. Longer term, Google is well positioned in key growth areas including cloud-computing, self-driving vehicles, virtual & augmented reality and online video.

 

Price chart

 

Price performance

5yr – +202%

YTD – +26%

Since last earnings date – +3.74%

 

Earnings

EPS expectation for Q3: 9.9 (Adjusted), 8.3 (GAAP)

Revenue expectation for Q3: 22.13B

 

Revenue history and expectations

 

Net income adj. history and expectations


Fwd 12M P/E ratio: 27.42

 

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