FactSet consensus estimates EPS at $2.01, a 6.3% increase from $1.89 a year ago.
Alphabet's all-time high was reached on February 4, the day of its last earnings report. At that time, the company posted EPS of $2.15, slightly beating estimates of $2.12. However, revenue came in below expectations at $96.47 billion versus the $96.69 billion consensus. Despite the earnings beat, the stock closed at $206.13 that day and opened sharply lower the following morning at $191.08—a 7.3% drop. The selloff deepened over the following weeks, ultimately bottoming at $140.53 on April 7, marking a steep -32.13% decline from the February high.
Technically, holding above the 200-hour moving average keeps the bullish case alive in the short term. A break below that level—and below the 50-hour moving average at $153.42 and the 100-hour moving average at $152.46—would shift the bias back to the downside.
On the upside, the next key resistance target is the April 14 high at $161.72. Beyond that, the 38.2% retracement of the drop from the February high comes in at $165.94, just above the 50-day moving average at $164.61. A break above both would strengthen the bullish outlook and open the door for further recovery.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about alphabet announces earnings after the close what is expected what are the technicals was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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