Published on 19 Jan 2022 on Zacks via Yahoo Finance

Can Alphabet Inc. (GOOG) Keep the Earnings Surprise Streak Alive?

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Alphabet Inc. (GOOG). This company, which is in the Zacks Internet - Services industry, shows potential for another earnings beat.

This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 29.03%.

For the most recent quarter, Alphabet Inc. Was expected to post earnings of $23.13 per share, but it reported $27.99 per share instead, representing a surprise of 21.01%. For the previous quarter, the consensus estimate was $19.89 per share, while it actually produced $27.26 per share, a surprise of 37.05%.