GOOGL earnings 7/22 the GAAP number is going to look insane
A WSB poster argues that GOOGL's Q2 GAAP EPS will massively beat the $2.89 consensus estimate, potentially reaching $5-7, due to a $70B unrealized gain from Google's ~5-6% stake in SpaceX following its June 12 IPO. With SPCX closing at $170.86 on June 30, Google's SpaceX stake jumped from ~$40B to ~$113B, and this mark-to-market gain must now be reported through the income statement at face value for the first time as a tangible asset.
Why it matters: After taxes and share count, the gain could add ~$4.50 to EPS, but analysts exclude this below-the-line item from estimates since it's tied to a single closing price on one day and was historically downplayed by Google.
All Early S&P 500 Reporters Beat EPS Estimates
100% of S&P 500 companies that reported early beat EPS estimates. Year-over-year earnings growth was observed in 26 of these firms.
GSK Earnings Preview: EPS to take a plunge; CEO's comments, guidance in focus - Seeking Alpha
GSK Earnings Preview: EPS to take a plunge; CEO's comments, guidance in focus Seeking Alpha
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
Earnings Scoreboard: 83% of S&P 500 early reporters top EPS estimates ahead of big tech wave - Seeking Alpha
Earnings Scoreboard: 83% of S&P 500 early reporters top EPS estimates ahead of big tech wave Seeking Alpha
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
UNP Q2 Earnings & Revenues Beat Estimates, Up Y/Y, EPS View Raised - Zacks Investment Research
UNP Q2 Earnings & Revenues Beat Estimates, Up Y/Y, EPS View Raised Zacks Investment Research
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
Buy The Dip: 3 Top AI Stocks Averaging 52% Forward EPS Growth - Seeking Alpha
Buy The Dip: 3 Top AI Stocks Averaging 52% Forward EPS Growth Seeking Alpha
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
Google Finance causing TSM blip by reporting inaccurate EPS :D
https://preview.redd.it/yngrjagq0tdh1.png?width=1258&format=png&auto=webp&s=4053aacd0a42b7ff0624eb5b6f9ba52a3a301296 It looks like Google Finance is pulling and processing data incorrectly.   submitted by   /u/mygatito [link]   [comments]
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.