Alphabet (GOOG, GOOGL) will report its Q2 2023 earnings on Tuesday after the market closes.
Investors will be eyeing the Google parent company’s cloud growth, ad revenues, and, of course, its AI efforts.
Here’s what Wall Street analysts are expecting to see from Alphabet’s key metrics, as compiled by Bloomberg:
Revenue: $72.75 billion expected
EPS: $1.32 expected
Google Ad Revenue: $57.45 billion expected
YouTube Ad Revenue: $7.41 billion expected
Google Cloud Revenue: $7.83 billion expected
Operating Income: $19.94 billion expected
Overall, expectations for Alphabet will be fairly muted in this cycle, wrote JPMorgan analyst Doug Anmuth on July 20 in a note to investors.
[Read more: Big Tech earnings: Everything you need to watch for]
“Sentiment is still somewhat muted, and AI will remain a controversial topic for investors, particularly whether GOOGL can drive incremental monetization through…
