Upcoming AWS Coverage on Yandex Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 5, 2017 / Active Wall St. announces its post-earnings coverage on Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG). The Company announced its financial results for the first quarter fiscal 2017 (Q1 FY17) on April 27, 2017. The Mountain View, California-based Company's revenues surged 22% y-o-y, beating consensus market estimates. Register with us now for your free membership at:

http://www.activewallst.com/register/

One of Alphabet's competitors within the Internet Information Providers space, Yandex N.V. (NASDAQ: YNDX), reported its financial results for the quarter ended March 31, 2017, on Thursday, April 27, 2017. AWS will be initiating a research report on Yandex in the coming days.

Today, AWS is promoting its earnings coverage on GOOGL and GOOG; touching on YNDX. Get our free coverage by signing up to:

http://www.activewallst.com/register/

Earnings Reviewed

For the three months ended on March 31, 2017, Alphabet reported revenues of $24.75 billion which came in above the $20.26 billion recorded at the end of Q1 FY16. The Company's revenues were up by 22% y-o-y and 24% y-o-y on a constant currency basis. The Company benefitted from the ongoing investments in product innovation and had great momentum in its new businesses across Alphabet.

The internet search engine leader reported Q1 FY17 net income of $5.43 billion, or $7.73 per diluted share, compared to $4.21 billion, or $6.02 per diluted share, in Q1 FY16. Meanwhile, the market had expected the Company to report net income of $7.48 per share.

Operating Metrics

In Q1 FY17, the Company incurred total costs and expenses of $18.18 billion, up from $14.92 billion in the previous year comparable quarter. The Company posted operating income of $6.57 billion compared to $5.34 billion in past year's corresponding period. Alphabet's operating margin improved to 27% in Q1 FY17 from 26% in the year-ago same quarter. Furthermore, the Company's income before income taxes came in at $6.82 billion for Q1 FY17 compared to $5.13 billion in Q1 FY16.

Segment Performance

During Q1 FY17, Google segment's revenues were $24.51 billion compared to $20.09 billion in the previous year's same period. Additionally, the segment's operating income grew to $7.60 billion in Q1 FY17 from $6.25 billion in Q1 FY16.

Alphabet's other Bets revenues increased to $244 million in Q1 FY17 from $165 million in the prior year's same quarter. However, the segment's reported operating loss of $855 million in the reported quarter compared to operating loss of $774 million in Q1 FY16.

Geographical Contribution

In Q1 FY17, the Company's US revenue was up 25% y-o-y to $11.77 billion. For the reported quarter, EMEA revenue was up 13% y-o-y to $8.09 billion. Meanwhile, on a constant currency basis EMEA revenues grew 19% y-o-y to $8.38 billion in Q1 FY17. APAC region contributed $3.62 billion to Alphabet's total revenues in Q1 FY17, up 29% y-o-y. On a constant currency basis, revenues from APAC region were up 26% y-o-y to $3.50 billion in Q1 FY17. Furthermore, Other Americas region's revenues surged 34% y-o-y to $1.27 billion in Q1 FY17.

Cash Flow & Balance Sheet

In the reported quarter, Alphabet's net cash provided by operating activities came in at $9.55 billion compared to $7.66 billion in the year ago same quarter. The Company reported free cash flow amounting to $7.04 billion in Q1 FY17.

The Company had cash, cash equivalents, and marketable securities balance of $92.44 billion as on March 31, 2017, compared to $86.33 billion, at the close of books on March 31, 2016. Furthermore, the Company ended the quarter with long-term debt of $15.26 billion, while it had long-term debt amounting to $16.76 billion as on March 31, 2016.

Stock Performance

At the close of trading session on Thursday, May 04, 2017, Alphabet Class A's stock price rose slightly by 0.66% to end the day at $954.72. A total volume of 1.94 million shares were exchanged during the session, which was above the 3-month average volume of 1.47 million shares. The Company's share price has gained 34.21% in the past twelve months and 20.48% on a YTD basis. The stock is trading at a PE ratio of 33.19 and currently has a market cap of $630.33 billion.

On Thursday, Alphabet Inc.'s Class B stock closed the trading session at $931.66, slightly up 0.50% from its previous closing price of $927.04. A total volume of 1.42 million shares have exchanged hands, which was higher than the 3-month average volume of 1.38 million shares. Alphabet's stock price advanced 16.67% in the last three months, 18.89% in the past six months, and 33.92% in the previous twelve months. Moreover, the stock gained 20.71% since the start of the year. Shares of the company have a PE ratio of 33.42. At Thursday's closing price, the stock's net capitalization stands at $634.38 billion.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street