Alphabet (GOOGL) Q1 Earnings and Revenues Top Estimates

Core Insights - Alphabet (GOOGL) reported quarterly earnings of $2.81 per share, exceeding the Zacks Consensus Estimate of $2.02 per share, and up from $1.89 per share a year ago, representing an earnings surprise of 39.11% [1][2] - The company achieved revenues of $76.49 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.27%, and an increase from $67.59 billion year-over-year [2] - Alphabet has consistently surpassed consensus EPS estimates over the last four quarters [2] Earnings Performance - The earnings surprise for the latest quarter was 39.11%, following a previous surprise of 1.42% [1][2] - The current consensus EPS estimate for the upcoming quarter is $2.07, with projected revenues of $78 billion, and for the current fiscal year, the EPS estimate is $8.69 on revenues of $322.13 billion [7] Stock Performance and Outlook - Alphabet shares have declined approximately 17.9% since the beginning of the year, compared to a decline of 8.6% for the S&P 500 [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Internet - Services industry, to which Alphabet belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Alphabet's stock performance [5]