Alphabet (GOOGL) Earnings Preview: What to Expect as Shares Trade Near $190

Alphabet Inc. (NASDAQ: GOOGL) is set to release its highly anticipated quarterly earnings report tomorrow, making it the first of the “Magnificent Seven” tech giants to do so. As such, its results are likely to set the tone for broader market sentiment across the technology sector.

As of pre-market trading, Alphabet shares are priced around $190.86, showing a gain of over 5% year-to-date. Despite this, the stock remains down roughly 1% over the past year and still sits around 9% below its all-time high.

Strong EPS Growth Expected, But Is It Priced In?

Analysts expect Alphabet to report a 13% year-on-year increase in earnings per share (EPS) for the quarter. Yet, the current share price may not fully reflect this potential growth, suggesting there could be more upside ahead.

However, technical indicators signal caution. On the weekly chart, a possible head and shoulders formation appears to be developing, with the left shoulder around the $190 level. If earnings or forward guidance disappoint, this could serve as a catalyst for a short-term pullback.

Technical Analysis: Momentum Still Bullish

Despite potential risks, technical momentum remains supportive. The MACD indicator on the weekly chart is bullish and rising, reinforcing near-term strength. A clear breakout and close above $190 could invalidate the bearish setup and trigger a move back toward all-time highs.

Key Support and Investor Outlook

Even in the event of a short-term correction, investors are unlikely to view it as a major reversal. A pullback may find support above the April low near $140, with many likely to see it as a buy-the-dip opportunity rather than a reason to exit positions.

Conclusion

As Alphabet prepares to report, all eyes are on whether the tech titan can deliver strong results and outlook to match. A positive earnings surprise could reignite the bullish trend, while a miss may lead to consolidation — but not necessarily long-term weakness.