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Alphabet (GOOGL) International Revenue Performance Explored
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Have you evaluated the performance of Alphabet's (GOOGL - Free Report) international operations for the quarter ending June 2024? Given the extensive global presence of this internet search leader, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.
In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must understand a company's dependence on overseas markets, as this offers a window into the company's earnings stability, its ability to benefit from varied economic cycles and its potential for long-term growth.
International market involvement serves as insurance against economic downturns at home and enables engagement with economies that are growing more quickly. Still, this move toward diversification is not without its challenges, as it involves navigating through the fluctuations of currencies, geopolitical threats, and the distinctive nature of various markets.
Our review of GOOGL's last quarterly performance uncovered some notable trends in the revenue contributions from its international markets, which are commonly analyzed and tracked by Wall Street experts.
The company's total revenue for the quarter stood at $71.36 billion, increasing 15% year over year. Now, let's delve into GOOGL's international revenue breakdown to gain insights into the significance of its operations beyond home turf.
A Look into GOOGL's International Revenue Streams
During the quarter, APAC contributed $13.82 billion in revenue, making up 19.4% of the total revenue. When compared to the consensus estimate of $13.39 billion, this meant a surprise of +3.26%. Looking back, APAC contributed $13.29 billion, or 19.7%, in the previous quarter, and $12.73 billion, or 20.5%, in the same quarter of the previous year.
Other Americas (Canada and Latin America) accounted for 6.9% of the company's total revenue during the quarter, translating to $4.94 billion. Revenues from this region represented a surprise of -38.78%, with Wall Street analysts collectively expecting $8.07 billion. When compared to the preceding quarter and the same quarter in the previous year, Other Americas (Canada and Latin America) contributed $4.65 billion (6.9%) and $4.51 billion (7.3%) to the total revenue, respectively.
Of the total revenue, $24.68 billion came from EMEA during the last fiscal quarter, accounting for 34.6%. This represented a surprise of +6.23% as analysts had expected the region to contribute $23.24 billion to the total revenue. In comparison, the region contributed $23.79 billion, or 35.2%, and $22.29 billion, or 35.9%, to total revenue in the previous and year-ago quarters, respectively.
International Market Revenue Projections
For the current fiscal quarter, it is anticipated by Wall Street analysts that Alphabet will report a total revenue of $72.73 billion, which reflects an increase of 13.6% from the same quarter in the previous year. The revenue contributions are expected to be 19.4% from APAC ($14.1 billion), 10.5% from Other Americas (Canada and Latin America) ($7.64 billion) and 33.3% from EMEA ($24.25 billion).
Analysts expect the company to report a total annual revenue of $296.37 billion for the full year, marking an increase of 15.5% compared to last year. The expected revenue contributions from APAC, Other Americas (Canada and Latin America) and EMEA are projected to be 19% ($56.39 billion), 8.9% ($26.28 billion) and 33.3% ($98.81 billion) of the total revenue, in that order.
Final Thoughts
The dependency of Alphabet on global markets for its revenues presents a mix of potential gains and hazards. Thus, monitoring the trends in its overseas revenues can be a key indicator for predicting the firm's future performance.
With the increasing intricacies of global interdependence and geopolitical strife, Wall Street analysts meticulously observe these patterns, especially for companies with an international footprint, to tweak their forecasts of earnings. Importantly, several additional factors, such as a company's domestic market status, also impact these earnings forecasts.
Emphasizing a company's shifting earnings prospects is a key aspect of our approach at Zacks, especially since research has proven its substantial influence on a stock's price in the short run. This correlation is positively aligned, meaning that improved earnings projections tend to boost the stock's price.
Our proprietary stock rating tool, the Zacks Rank, with its externally validated exceptional track record, harnesses the power of earnings estimate revisions to serve as a dependable measure for anticipating the short-term price trends of stocks.
Over the preceding four weeks, the stock's value has diminished by 8.3%, against a downturn of 0.2% in the Zacks S&P 500 composite. In parallel, the Zacks Computer and Technology sector, which counts Alphabet among its entities, has depreciated by 4.6%. Over the past three months, the company's shares have seen a decline of 0.1% versus the S&P 500's 7.5% increase. The sector overall has witnessed an increase of 8.1% over the same period.
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Alphabet (GOOGL) International Revenue Performance Explored
Have you evaluated the performance of Alphabet's (GOOGL - Free Report) international operations for the quarter ending June 2024? Given the extensive global presence of this internet search leader, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.
In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must understand a company's dependence on overseas markets, as this offers a window into the company's earnings stability, its ability to benefit from varied economic cycles and its potential for long-term growth.
International market involvement serves as insurance against economic downturns at home and enables engagement with economies that are growing more quickly. Still, this move toward diversification is not without its challenges, as it involves navigating through the fluctuations of currencies, geopolitical threats, and the distinctive nature of various markets.
Our review of GOOGL's last quarterly performance uncovered some notable trends in the revenue contributions from its international markets, which are commonly analyzed and tracked by Wall Street experts.
The company's total revenue for the quarter stood at $71.36 billion, increasing 15% year over year. Now, let's delve into GOOGL's international revenue breakdown to gain insights into the significance of its operations beyond home turf.
A Look into GOOGL's International Revenue Streams
During the quarter, APAC contributed $13.82 billion in revenue, making up 19.4% of the total revenue. When compared to the consensus estimate of $13.39 billion, this meant a surprise of +3.26%. Looking back, APAC contributed $13.29 billion, or 19.7%, in the previous quarter, and $12.73 billion, or 20.5%, in the same quarter of the previous year.
Other Americas (Canada and Latin America) accounted for 6.9% of the company's total revenue during the quarter, translating to $4.94 billion. Revenues from this region represented a surprise of -38.78%, with Wall Street analysts collectively expecting $8.07 billion. When compared to the preceding quarter and the same quarter in the previous year, Other Americas (Canada and Latin America) contributed $4.65 billion (6.9%) and $4.51 billion (7.3%) to the total revenue, respectively.
Of the total revenue, $24.68 billion came from EMEA during the last fiscal quarter, accounting for 34.6%. This represented a surprise of +6.23% as analysts had expected the region to contribute $23.24 billion to the total revenue. In comparison, the region contributed $23.79 billion, or 35.2%, and $22.29 billion, or 35.9%, to total revenue in the previous and year-ago quarters, respectively.
International Market Revenue Projections
For the current fiscal quarter, it is anticipated by Wall Street analysts that Alphabet will report a total revenue of $72.73 billion, which reflects an increase of 13.6% from the same quarter in the previous year. The revenue contributions are expected to be 19.4% from APAC ($14.1 billion), 10.5% from Other Americas (Canada and Latin America) ($7.64 billion) and 33.3% from EMEA ($24.25 billion).
Analysts expect the company to report a total annual revenue of $296.37 billion for the full year, marking an increase of 15.5% compared to last year. The expected revenue contributions from APAC, Other Americas (Canada and Latin America) and EMEA are projected to be 19% ($56.39 billion), 8.9% ($26.28 billion) and 33.3% ($98.81 billion) of the total revenue, in that order.
Final Thoughts
The dependency of Alphabet on global markets for its revenues presents a mix of potential gains and hazards. Thus, monitoring the trends in its overseas revenues can be a key indicator for predicting the firm's future performance.
With the increasing intricacies of global interdependence and geopolitical strife, Wall Street analysts meticulously observe these patterns, especially for companies with an international footprint, to tweak their forecasts of earnings. Importantly, several additional factors, such as a company's domestic market status, also impact these earnings forecasts.
Emphasizing a company's shifting earnings prospects is a key aspect of our approach at Zacks, especially since research has proven its substantial influence on a stock's price in the short run. This correlation is positively aligned, meaning that improved earnings projections tend to boost the stock's price.
Our proprietary stock rating tool, the Zacks Rank, with its externally validated exceptional track record, harnesses the power of earnings estimate revisions to serve as a dependable measure for anticipating the short-term price trends of stocks.
At present, Alphabet holds a Zacks Rank #3 (Hold). This ranking implies that its near-term performance might mirror the overall market movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Reviewing Alphabet's Recent Stock Price Trends
Over the preceding four weeks, the stock's value has diminished by 8.3%, against a downturn of 0.2% in the Zacks S&P 500 composite. In parallel, the Zacks Computer and Technology sector, which counts Alphabet among its entities, has depreciated by 4.6%. Over the past three months, the company's shares have seen a decline of 0.1% versus the S&P 500's 7.5% increase. The sector overall has witnessed an increase of 8.1% over the same period.