Alphabet (GOOGL) Stock Surges 42% in 2021: What to Expect Ahead of July 27 Earnings Report
Discover why Alphabet (GOOGL) is outperforming other FANG stocks in 2021 with strong earnings beats and significant Big Money buying, signaling potential upside ahead of its July 27 quarterly earnings announcement.
Alphabet Inc. (GOOGL), the parent company of Google, is leading the pack among FANG stocks in 2021 with an impressive 42% stock gain. This outpaces competitors like Facebook (FB) with 23.35%, Amazon (AMZN) at 8.99%, and Netflix (NFLX), which has declined by 1.56% this year.
Key Highlights
- Alphabet is scheduled to announce its Q2 earnings on July 27, positioning as the top-performing FANG stock in 2021.
- The company consistently surpasses earnings consensus estimates.
- Significant institutional buying, or 'Big Money,' has driven Alphabet shares higher year-to-date.
Approaching all-time highs, Alphabet’s upcoming earnings report is highly anticipated. Investors are keen to know if the company will continue its streak of beating expectations.
Reviewing the last four quarters, Alphabet has outperformed earnings estimates every time, with the most recent two quarters significantly exceeding consensus forecasts. This strong track record has pushed current earnings per share (EPS) estimates from $15.50 to $19.21.
The company’s robust earnings performance has been mirrored by its stock price, which has steadily climbed throughout 2021. Observing buying pressure reveals a clear accumulation phase since June, highlighted by notable spikes in volume and institutional purchases.
For example, on January 20, when Alphabet shares traded at $1,880, a surge in large-scale buying occurred. Since then, the stock price has risen to $2,533, underscoring the strength of investor confidence.
In summary, investors should consider the strong trend of earnings beats and substantial Big Money inflows as bullish indicators. Alphabet’s momentum suggests potential for further gains in the weeks and months ahead.
Disclosure: The author holds long positions in GOOG, GOOGL, and NFLX and does not hold positions in FB or AMZN at the time of this writing.
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