A man walks past the logo of the US multinational technology company Google during the VivaTech … [+] trade fair ( Viva Technology), on May 24, 2018 in Paris. (Photo by ALAIN JOCARD / AFP) (Photo credit should read ALAIN JOCARD/AFP via Getty Images)
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Alphabet (Google) (NASDAQ: GOOG) is scheduled to report its fiscal Q2 2021 results on Tuesday, July 27. We expect GOOG to beat the consensus estimates for revenues but miss for earnings. The company has reported better than expected revenues and earnings figures in each of the last four quarters. In the first quarter the company’s revenue growth was led by YouTube Ads segment and Google Cloud segment. Google Search continued to see a steady growth. We expect the same to drive the second-quarter FY2021 results, as well. Our forecast indicates that Google’s valuation is around $2693 per share, which is 3% above the current market price of $2622. Look at our interactive dashboard analysis on Google’s pre-earnings: What To Expect in Q2? for more details.
(1) Revenues expected to be ahead of consensus estimates in Q2
Trefis estimates GOOG’s fiscal Q2 2021 revenues to be around $60.16 billion, 7% above the $56 billion consensus estimate. GOOG’s revenue growth was led by the cloud segment since the start of the pandemic while Google Search segment has recovered its growth in the last few quarters. We expect the momentum generated over the last couple of quarters to…