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Alphabet (GOOGL) is gearing up to release its third-quarter 2024 earnings on October 29. Wall Street analysts are forecasting growth in both revenue and earnings, suggesting strong near-term performance for GOOGL. The analysts expect  the company to report earnings per share of $1.84, an 18% year-over-year increase. Revenue is also expected to climb 13% from the same period last year, reaching $86 billion, according to data from the TipRanks Forecast page given below. As we approach Q3, it’s important to highlight that Alphabet has surpassed the consensus EPS estimates in the past six consecutive quarters. Key Takeaways from TipRanks’ Bulls & Bears Tool TipRanks Bulls Say, Bears Say tool provides insights into analysts’ views of Alphabet as the company nears its Q3 earnings report. The bulls are optimistic about Alphabet’s growth potential, highlighting the increased monetization possibilities from integrating generative AI into its search cloud. They also note that Google Cloud is forecasted to grow by 30%, underscoring its momentum in the cloud sector. Meanwhile, Alphabet’s strategic position in digital advertising enables it to leverage current market trends, establish a lasting cloud business, and drive AI-driven innovation across its operations. On the flip side, bears are cautious about Alphabet’s financial outlook, citing risks to Q4 and next year’s operating income and EPS due to rising capital expenditures. Competition also poses a challenge, with YouTube under pressure from Amazon’s (AMZN) Prime Video and Netflix (NFLX). Also, regulatory concerns persist as Google faces antitrust violations over its search and text advertising dominance, potentially impacting its market position and growth. Options Traders Anticipate a 6.40% Move TipRanks’ Options tool offers a quick way to gauge what options traders anticipate from the stock following its earnings report. The expected earnings move is calculated using the at-the-money straddle of the options set to expire closest to the announcement. While this may sound complex, the tool handles the calculations for you. Currently, it indicates that  options traders are predicting a 6.40% swing in either direction. Is Alphabet Stock a Good Buy? Turning to Wall Street, Alphabet stock has a Hold consensus rating based on 19 Buys and seven Holds assigned in the last three months. At $199.17, the average GOOGL price target implies 22.4% upside potential. See more GOOGL analyst ratings Disclosure 

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Below is Validea's guru fundamental report for NETFLIX INC (NFLX). Of the 22 guru strategies we follow, NFLX rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum

Netflix (NASDAQ: NFLX) just gave the market some good news, as it beat Wall Street estimates on the top and bottom lines with its latest financial update for the three-month period that ended Sept. 30. Shares have jumped 11% since the announcement, as of the time of this writing.

The S&P 500 is up 22% this year, which is more than twice its average annual return since it was established in 1957. The index continues to set new record highs, cementing the bull market that began in October 2022.

On Oct. 17, streaming video giant Netflix (NASDAQ: NFLX) reported financial results for its fiscal third quarter (ended Sept. 30) of 2024. The very next day, on Oct. 18, the stock hit an all-time high above $750 per share and recently topped $765. Shares have been on a stunning r

Shares of T-Mobile (TMUS) are up 3% after the U.S. telecommunications company reported strong quarterly financial results and wireless subscriber additions. T-Mobile reported earnings per share (EPS) of $2.61 and $20.16 billion in revenue for this year’s third quarter. The result beat the consensus forecast of analysts that called for $2.43 in per share earnings. T-Mobile also reported strong quarterly wireless subscriber additions as more people choose its discount plans that bundle streaming services such as Netflix (NFLX). The company said that it added 865,000 postpaid phone customers in the quarter, surpassing estimates of 727,500 additions, according to FactSet. T-Mobile Raises Guidance In addition to the strong Q3 results, T-Mobile also lifted its forward guidance, saying it now expects full-year postpaid net customer additions of 5.6 million to 5.8 million, up from earlier estimates of 5.4 million to 5.7 million. Management attributed the growth to its high-speed 5G wireless plans, which are proving to be popular with consumers. The company announced in September of this year that it will launch a new artificial intelligence (AI) decision-making platform called “IntentCX” in partnership with privately held OpenAI. TMUS stock has risen 39% so far this year. Is TMUS Stock a Buy? T-Mobile has a consensus Strong Buy rating among 19 Wall Street analysts. That rating is based on 19 Buy recomendations made in the last three months. There are no Hold or Sell ratings on the stock. The average TMUS price target of $216.79 per share implies 1.88% downside potential from current levels. Read more analyst ratings on TMUS stock

Below is Validea's guru fundamental report for NETFLIX INC (NFLX). Of the 22 guru strategies we follow, NFLX rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum

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Below is Validea's guru fundamental report for NETFLIX INC (NFLX). Of the 22 guru strategies we follow, NFLX rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum

Netflix (NASDAQ: NFLX) has done it again. The video-streaming giant just reported strong Q3 earnings that sent its stock soaring more than 10% to all-time highs. The company is gaining subscribers while adding more arrows to its quiver, including gaming, advertising, and live eve

For Immediate ReleaseChicago, IL – October 22, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the fi

The S&P 500 Index ($SPX ) (SPY ) Monday closed down by -0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.80%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.18%. Stocks on Monday settled mixed. A jump in bond yields undercut...

Monday, October 21, 2024The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Visa Inc. (V), Netflix, Inc. (NFLX) and Mer

Two long-serving members of Netflix (NFLX) board of directors have filed to sell about $9 million of company stock each as the share price trades at a record high following the streaming service’s third-quarter financial results. NFLX stock was trading near $770 per share mid-day on October 21, not far from its all-time intraday high of $773. The shares have been trending higher after the entertainment company issued a strong quarterly print that surpassed many analysts’ expectations. Board members Richard Barton and Timothy Haley are each in the process of selling company stock that, combined, totals about $18 million. The stock sales are being made through Rule 10b5-1 plans that have been filed with the U.S. Securities and Exchange Commission (SEC). Pre-arranged Sales Such plans execute trades automatically when preset parameters are reached such as the share price reaching a certain level or trading volumes hitting a specific threshold. Such plans are used to remove the appearance of conflict or from allowing insiders at a company to benefit from non-public information. Barton has been a Netflix director since 2002, the same year the company held its initial public offering (IPO). He is also a co-founder of online real-estate marketplace Zillow Group (Z). Haley has been a Netflix director since 1998 and is a managing director of privately held venture-capital firms Redpoint Ventures and Institutional Venture Partners. Is NFLX Stock a Buy? Netflix stock has a consensus Moderate Buy rating among 36 Wall Street analysts. That rating is based on 24 Buy, 10 Hold, and two Sell ratings issued in the last three months. The average NFLX price target of $778.54 implies 1.16% upside from current levels. Read more analyst ratings of NFLX stock

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Netflix Inc (Symbol: NFLX), where a total volume of 121,546 contracts has been traded thus far today, a contract volume which is representative of approximately 1

Netflix (NASDAQ: NFLX) isn't the stock market darling it once was. While the video streamer was once squarely featured in the FAANG group of fast-growing tech stocks, it's the only one of the group to be left out of the "Magnificent Seven," one of the current groupings of elite t

Netflix NFLX has once again proven its mettle in the streaming wars, delivering a stellar third-quarter 2024 performance that cements its position as the industry leader. The company's impressive earnings beat and raised guidance