{"id":4536,"date":"2023-05-05T08:43:28","date_gmt":"2023-05-05T12:43:28","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/what-to-expect-from-alphabet-stock\/"},"modified":"2023-05-05T08:43:29","modified_gmt":"2023-05-05T12:43:29","slug":"what-to-expect-from-alphabet-stock","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=4536","title":{"rendered":"What To Expect From Alphabet Stock ?"},"content":{"rendered":"
\n

Alphabet (Google)\u2019s stock (NASDAQ
\n NDAQ
\n <\/fbs-ticker>: GOOG) has gained around 20% YTD as compared to the 8% rise in the S&P500 index over the same period. That said, at its current price of $107, the stock is trading 16% below its fair value of $127 \u2013 Trefis\u2019 estimate for Google\u2019s valuation<\/strong>. <\/strong>The technology giant posted better-than-expected results in the first quarter of 2023, with revenues increasing 3% y-o-y to $69.8 billion. It was mainly due to a 28% jump in the Google
\n GOOG
\n <\/fbs-ticker> Cloud segment. However, Google advertising revenues (including Google search, YouTube ads, and Google network) were marginally lower than in Q1 2022. Further, cost-per-impression was reduced by 5% y-o-y. Notably, the Google advertising unit contributes close to 80% of the top line. On the cost front, the cost of revenues increased 3% y-o-y, followed by a 19% rise in operating expenses. It led to a drop in operating margin from 30% to 25% in the quarter. Overall, the net income decreased by 8% y-o-y to $15.1 billion.<\/p>\n

The company\u2019s top line grew 10% y-o-y to $282.84 billion in FY 2022. It was primarily driven by a 7% increase in Google Services revenues and a 37% jump in the Google Cloud unit. However, the operating margin declined from 31% to 26% in the year, due to higher expenses. Further, other income decreased from $12 billion to -$3.5 billion, mainly because of changes in gains and losses on equity securities and performance fees. Altogether, net income dropped by 21% y-o-y to $59.97 billion.<\/p>\n

Moving forward, Google\u2019s revenues<\/strong> are estimated to touch $299 billion in FY2023. Further, its net income margin is likely to improve in the year, leading to a net income of $66.75 billion. This coupled with an annual EPS of $5.24 and a P\/E multiple of just above 24x will lead to a valuation of $127.<\/p>\n

Check out how Alphabet (Google) Peers<\/strong> <\/strong>fare on metrics that matter. You will find other useful comparisons for companies across industries at Peer Comparisons<\/strong>.<\/p>\n

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Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Alphabet (Google)\u2019s stock (NASDAQ NDAQ : GOOG) has gained around 20% YTD as compared to the 8% rise in the S&P500 index over the same period. That said, at its current price of $107, the stock is trading 16% below its fair value of $127 \u2013 Trefis\u2019 estimate for Google\u2019s valuation. The technology giant posted […]<\/p>\n","protected":false},"author":1,"featured_media":4537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-4536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"\nWhat To Expect From Alphabet Stock ? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Alphabet (Google)\u2019s stock (NASDAQ NDAQ : GOOG) has gained around 20% YTD as compared to the 8% rise in the S&P500 index over the same period. 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