Alphabet (GOOG, GOOGL) will report third quarter results this afternoon and host a call at 16:30.
The Street expects Q3 EPS up 9% to $10.41 with revenue up 22.5% to $34.0 billion.
This tech giant has exceeded top-line estimates nine quarters in a row and bottom line estimates two quarters in a row.
Last quarter, advertising revenue remained strong, growing 24%. Growth in the US and Asia accelerated sequentially, while European growth was down a bit.
Second quarter paid clicks growth of 58% year-over-year was offset by a 22% cost-per-click (CPC) decline. Paid clicks grew 15% Q/Q while CPC fell 10% Q/Q.
Analysts expect FY18 EPS to grow 26% to over $40 with revenue up 24% to $136.9 billion. EPS is expected to grow 20.5% with revenue up 17% next year.
Alphabet has a $765 billion market cap and trades at ~27x EPS FY18 EPS or 22.5x FY19 EPS estimates with a PEG ratio just over 1.0.