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Expectations Set the Stage for Alphabet Inc (NASDAQ:GOOG) Earnings

Alphabet Inc (NASDAQ:GOOG) has been slightly underperforming the technology sector in general over the last two months. As we move into Q3 earnings season, expectations will be typically high for this All-Star of Silicon Valley, which could pave the way for some relative disappointment for those looking for another major burst higher.

However, the company’s business model is often in sync with the larger economy. And Q3 GDP for the United States overall is looking extremely healthy. That may lend to some strong performance and keep this stock trading above its 200-day simple moving average.

Alphabet Inc (NASDAQ:GOOG) trumpets itself as a company that, through its subsidiaries, provides online advertising services in the United States and internationally.

Traders will note flat action in the stock over the past month of action. Moreover, the company has benefitted from a jump in recent trading volume to the tune of 8% beyond its prior sustained average level

At this time, carrying a capital value in the market of $807.61B, GOOG has a significant war chest ($102.3B) of cash on the books, which must be weighed relative to about $29.9B in total current liabilities.

One should also note that debt has been growing over recent quarters. GOOG is pulling in trailing 12-month revenues of $124.6B. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 26%.

The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

This segment also offers digital content, enterprise cloud services, and hardware products, as well as other miscellaneous products and services. The Other Bets segment includes businesses, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo, and X, as well as fiber Internet and Television services.

Alphabet Inc. was founded in 1998 and is headquartered in Mountain View, California. We will update the story again soon as further details emerge.

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