Google Overtakes Apple As the World’s Most Valuable Public Company

For both segments combined, analysts estimate Alphabet will post EPS of $8.09 on revenue of $20.8 billion, compared to $6.88 and $18.1 billion, respectively, in the same quarter a year prior. Alphabet will officially overtake Apple in market value if they open around current levels at the open on Tuesday.

The strong performance sent the the company’s stock surging as high as 9 percent during after-hours trading on the Nasdaq. Operating losses, excluding SBC expenses, grew from $1.6 billion in 2014 to $3.07 billion in 2015. If the Mountain View, Calif., search giant delivers the goods it’s quite possible Wall Street will reward it by making it the most valuable company in the world.

Today is earnings day at Alphabet, the parent company for Google. The company has long kept mum on the performance of specific business units, leading to plenty of speculation about the performance of YouTube in particular.

Those latter businesses all fall into core Google’s “Other revenue” category, which investors will be paying close attention to, since investors see cloud and Play in particular as increasingly important opportunities, and we’ll get a better idea of their size with the moonshot businesses stripped away.

The report will be the first time Alphabet will break out results for what it calls “Other Bets”, which includes Google Fiber; smart home accessory maker Nest Labs and the secretive “X”, home to the self-driving cars project. The institutional investor acquired 3,897 shares of the company’s stock, valued at approximately $3,032,000.

Google’s owner reported a 17.8% increase in quarterly revenue to $21.3bn – crediting strong advertising sales on mobile devices and YouTube.

He also credited Alphabet’s Chief Financial Officer Ruth Porat with instilling discipline. Those clicks are forecast to have grown by almost 22% in the past quarter. If the other bets generate more meaningful amounts of revenue than our expectation, it would mean higher core Google EBITDA margins.

Next up is Alphabet’s fourth-quarter earnings report, out Monday.

Nomura analyst Anthony DiClemente estimates Alphabet has been investing about $3 billion a year in other bets-a figure investors have tended to smile upon if it shrank, in the past. These reservations were one of the key reasons for Google to restructure as Alphabet last summer.