July 22 - Alphabet (GOOGL, Financial) is all set to unveil its Q2 results after the close on July 23.
Analysts see adjusted EPS of $2.18, up from $1.89 a year ago, on revenue of $93.91 billion, roughly 11% higher than in Q2 2024. The stock has climbed about 5% over the past year despite tariff pressures.
GOOGL has beaten EPS forecasts in nine straight quarters. Ahead of tomorrow's report, Evercore ISI's Mark Mahaney kept a Buy rating and $205 price target, expecting ad revenue and Search growth to meet consensus on the back of stronger U.S. retail trends. He forecasts Google Cloud revenue to rise about 28% year‑on‑year, though “tight GPU supply” may temper upside.
Needham's Laura Martin raised her price target to $210 from $178 and maintained a Buy stance. She cited Google's digital‑ads lead, YouTube's expanding reach and AI tools like Gemini as key drivers, saying Search data will bolster monetization.
Options traders are braced for a roughly 6.6% swing in either direction, based on at‑the‑money straddles expiring immediately after the earnings release.
