What should you expect from Alphabet earnings? There might be “tricky waters to traverse in 2022” after it reports a solid fourth quarter on Tuesday, one analyst said.
A phenomenal fiscal year for Alphabet Inc. is about to close, and there are concerns that the future isn’t as rosy.
Overall, analysts are predicting a big slowdown in earnings and revenue growth for Google in 2022. If fourth-quarter results come in as analysts expect, Alphabet’s 2021 profit would grow 82% and revenue, without accounting for traffic-acquisition costs, would increase 39%; analysts are currently predicting 2022 earnings growth of less than 4% and revenue growth of about 17%.
A cooling of financials at Google offers a contrast to an overheated antitrust front for the search giant. It faces a rash of regulatory headaches in 2022. What to expect Earnings: Analysts on average expect Alphabet to report earnings of $27.80 a share, up from $22.30 a share a year ago. Analysts were projecting $25.61 a share at the end of September.
Stock movement: Alphabet shares have increased following four of the past five quarterly earnings reports, with the only decline a 0.3% drop in July 2021. In the past two years, Alphabet stock has increased after an earnings report five of eight times. “In our view, Google remains one of the best-positioned companies across digital advertising given its market-leading position in search, exposure to video with YouTube, and full AdTech offering,” Boone said in a Jan. 24 note. He gives the stock an outperform rating, with a price target of $3,300.
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