Google's parent company Alphabet Inc. is scheduled to report its quarterly earnings for the three months leading to December 2020 tomorrow after the market close. What most investors and traders will be looking for in the earnings report of the Silicon Valley giant are clues that the company can continue to outperform the rest of the U.S. tech sector in terms of value growth.
Alphabet has been able to nearly double in stock value since the initial coronavirus crash in early April 2020, despite uneven revenue growth. Part of the explanation has to do with the fact that many people across the world are still forced to work from home due to the pandemic, which has resulted in a substantial increase in the number of hours people spend online. The benefits for Alphabet from this are twofold - more revenue from advertising, as well as from cloud services. The latter is one of the key metrics that warrant closer attention tomorrow.
According to the consensus forecasts, Alphabet is expected to post earnings per share of $15.89 for Q4, a marginal increase from the $15.35 that was reported for the same period a year prior.
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