Should You Consider Alphabet (GOOGL) Ahead of Q1 Earnings?

Alphabet's Q1 2024 Performance Overview - Alphabet is scheduled to report Q1 2024 results on Apr 25, with expectations of strong performance driven by generative AI, cloud computing, and search innovations [1] - The company faces challenges from increasing litigation issues and expenses, which could impact its financials [1] Search, YouTube & Advertising - Alphabet's search revenues are expected to benefit from AI-driven innovations like the Search Generative Experience and large language models, improving search results and user experience [2] - Google Search & Other revenues are estimated at $44.73 billion, reflecting a 10.8$60.18 billion, up 10.3% YoY, driven by generative AI-infused ad offerings and strong retail momentum [3] - YouTube's non-advertisement revenues are supported by growing user engagement with YouTube Shorts and enhanced creator relationships [3] - YouTubeTV and YouTube Premium updates are also contributing positively to the platform's performance [4] Services Segment Performance - Alphabet's Services segment, including search, YouTube, and Android, is expected to show strong growth, with revenues estimated at $69.04 billion, up 11.4$384 million, up 33.3% YoY [6] Financial Estimates - Q1 2024 revenue is projected at $66.02 billion, a 13.7$1.49, reflecting a 27.3% YoY growth [7] Earnings Predictions - Alphabet is predicted to beat earnings expectations, supported by a positive Earnings ESP of +1.43% and a Zacks Rank 3 [8] Other Companies with Earnings Potential - Amazon (AMZN) has an Earnings ESP of +11.66% and a Zacks Rank 3, with shares up 14.9% YTD [9] - Meta Platforms (META) has an Earnings ESP of +0.62% and a Zacks Rank 2, with shares up 36.1% YTD [9] - Itron (ITRI) has an Earnings ESP of +5.88% and a Zacks Rank 2, with shares up 18.7% YTD [9]