2020-07-27 05:00:30, By David Moadel, InvestorPlace Contributor, InvestorPlace
Content Categorization
/Business & Industrial
/News/Business News/Financial Markets News
/Finance/Investing
Word Count:
737
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26
Reading Time:
4.91 min
Reading Quality:
Adept
Readability:
13th to 15th
It could make GOOGL stock worth owning at just about any price.
A Closer Look at GOOGL Stock
Even with GOOGL stock touching $1,500 not long ago, you might be surprised to discover that it's a bargain according to one often-used metric.
And upon Alphabet's upcoming earnings announcement, the share price could move hundreds of dollars in either direction very quickly.
This means that informed investors need to know what to expect as the earnings reveal approaches.
Could this signal an imminent migration of Amazon's third-party retailers over to Google Shopping?
Only time will tell, but don't be surprised if Alphabet manages to steal some of Amazon's considerable market share in this area.
However, it doesn't mean that everyone is expecting Alphabet to post spectacular data in its fiscal second-quarter earnings report.
In fact, the consensus estimate for Alphabet's quarterly earnings is just $8.23 per share.
In that regard, a recent change to Google Shopping makes a strong argument that Alphabet does indeed still have a few tricks up its sleeve.
Downbeat Earnings Anticipated
It is often said that tech-focused companies have thrived during the novel coronavirus pandemic.
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