Google’s stock set a new all-time high on Monday, coming off a week of strong reviews for its new Pixel phone and ahead of its Q3 earnings later this week.
But the new phone isn’t the only thing likely buoying the company’s stock.
Google is also launching several new hardware products in the coming weeks: the Google Home connected speaker, Google Wifi, and a new Chromecast device.
And analysts are expecting strong results when Google announces its earnings on Thursday. Analysts predict
revenue of $22.05 billion and adjusted earnings of $8.64 per share, up from $18.7 billion and $7.35 per share respectively last quarter.
Prior to the Oct. 4 hardware event, analysts were predicting Google’s stock could soon reach $1,000 per share.
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