Google's Earnings Summary
Recent Earnings Summary
Google, under its parent company Alphabet Inc., reported strong Q4 2024 earnings:
Revenue: $96.5 billion, up 12% year-over-year.
Google Services Revenue: $84.1 billion, up 10% year-over-year.
Google Cloud Revenue: $12.0 billion, up 30% year-over-year.
Earnings per Share (EPS): $2.15, up 31% year-over-year.
Net Income: $26.5 billion, up 28% year-over-year.
Operating Income: $31.0 billion, with an operating margin of 32%.
Free Cash Flow: $18.2 billion for Q4 2024.
Stock Price Prediction
Analysts have a generally positive outlook for Google's stock over the next six months:
Average Target: Around $211, with a low estimate of $165 and a high estimate of $240.
Analyst Consensus: Strong Buy, with many analysts rating the stock as a "Buy".
Given Google's robust financial performance and continued advancements in AI and cloud services, the stock price is likely to see moderate growth. However, market conditions and broader economic factors will also play a significant role. Unfortunately, the market didn’t agree with the analyst’s consensus as GOOG is down 7% after hours driven by the massive AI spend Google is making.