GOOG Stock: Q2 Expectations Are WAY Too High! | InvestorPlace

GOOG Stock: Q2 Expectations Are WAY Too High! | InvestorPlace

When Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) reports earnings on July 28, the Street is looking for $8.07 per share, but a recent note from Bernstein Research suggests those numbers are a tad too aggressive … but don't start mauling GOOG and GOOGL stock just yet.

The bad news is that Bernstein believes GOOG would have to "see significant sequential acceleration" of revenue in Google Sites or deeply slash expenses to beat second-quarter earnings in a meaningful way: "Either (or both) is possible but we cannot find analytical basis to claim they are likely."

What's more, Google Sites revenue is expected to slow down to 20.4% year-over-year in the third quarter, well below the first quarter's 26% year-over-year growth.

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