• Alphabet 1Q Revenue outdid estimates: $80.54 billion, over an estimated $79.04 billion
• Google advertising revenue surpassed expectations: $61.66 billion, compared to the predicted $60.18 billion
• YouTube ads revenue exceeded anticipated figures: it stood at $8.09 billion, overcoming the $7.73 billion estimate
• Google Services revenue recorded a higher-than-predicted figure: $70.40 billion over an estimated $69.06 billion
• Google Cloud revenue topped the estimated value: $9.57 billion, compared to the $9.37 billion estimate
• Other Bets revenue stood at a significant $495 million, far ahead of the predicted $372.4 million
• Earnings per share (EPS) were more than estimates: $1.89 compared to an estimated $1.53
• Operating income outperformed the expected number: totalled $25.47 billion, versus the estimated $22.4 billion
• Google Services operating income was larger: $27.90 billion compared to an estimated $24.3 billion
• Google Cloud operating income was significant: it amounted to $900 million, over an estimate of $672.4 million
• Other Bets operating loss was smaller than expected: a loss of $1.02 billion versus an estimated loss of $1.12 billion
• Operating margin was higher than expected: 32%, as opposed to the 28.6% estimated
• Capital expenditure outstripped estimates: totalled up to $12.01 billion, up against the $10.32 billion estimate
• The company had a workforce of 180,895 employees
• Shares skyrocketed by 3.9% in post-market trading: reached $162.13 on 51,212 shares traded
• Analyst ratings predominantly positive: 55 buys, 10 holds, 0 sells
Alphabet on Smartkarma
Analyst Coverage of Alphabet on Smartkarma
According to analysis by Baptista Research on Smartkarma, Alphabet Inc., the parent company of Google, is showing strong signs of growth and technological advancement in the fourth quarter of 2023. The company’s revenues have surged to $307 billion, marking a notable 9% increase from the previous year. Baptista Research‘s report highlights Alphabet’s robust earnings performance and sustained innovation, positioning the company on a positive trajectory for the rest of 2023.
Furthermore, Baptista Research‘s second report on Alphabet emphasizes the company’s focus on cloud innovations as a pathway to future tech success. Alphabet Inc. has excelled in its Search, YouTube, and Cloud services segments, showcasing substantial growth and momentum. The company’s commitment to providing diverse information in search results, along with advancements in infrastructure, AI, and cybersecurity solutions through Google Cloud, positions Alphabet as a key player in the tech industry’s ongoing transformation.
A look at Alphabet Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Alphabet Inc. has been assigned Smartkarma Smart Scores across various factors crucial for determining its long-term outlook. With a high Growth score of 4 and a Resilience rating of 4, the company appears well-positioned for future expansion and able to weather economic uncertainties. Additionally, boasting a Momentum score of 5, Alphabet seems to be on a steady trajectory of success in the market.
Although the Value score is moderate at 2 and there is no Dividend rating, the overall outlook for Alphabet remains optimistic based on its strong performance in growth, resilience, and momentum. As a holding company offering a wide range of web-based services and products, Alphabet’s strategic positioning aligns with the positive Smartkarma Smart Scores, indicating a promising future ahead for the tech giant.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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