Analysts expect the Mountain View, Calif.-based company to report fourth-quarter earnings per share of $8.10 on sales of $20.8 billion. During the same period a year ago, the technology giant posted net income of $6.76 per share on revenue of $18.1 billion.
Google is now operated under a holding company called Alphabet, which is a big position for Cramer's charitable trust, Action Alerts PLUS.
"(Alphabet CFO) Ruth Porat, the former CFO of Morgan Stanley (MS) - Get Report , has done a remarkable job at Alphabet," Cramer said.
Porat was named CFO of Google in May 2015 and CFO of Alphabet in October 2015 after the holding company was formed.
"You're going to see both the exciting part -- which is all of the different venture capital things they have going and the regular part, which is the search and is on fire," Cramer said. He added that rival search engine Bing, owned by Microsoft (MSFT) - Get Report , performed well in Microsoft's most recent quarter.
Alphabet has been broadening operations beyond its traditional search component. For example, two years ago Google acquired Nest, a maker of products for the connected home.
During Alphabet's third quarter, total advertising revenue rose 13% year-over-year to almost $16.8 billion. Operating expenses stood at $6.9 billion for the third quarter, compared to $6.1 billion during the third quarter of 2014.
Google is one of the so-called FANG stocks, which includes Facebook (FB) - Get Report , Amazon (AMZN) - Get Report and Netflix (NFLX) - Get Report . In addition to Alphabet, Facebook is a holding of Cramer's charitable trust.
Alphabet Class A shares have fallen 3.7% from their high on Dec. 29, 2015. Since the beginning of the year, the stock has gained 0.53%, while the broad S&P 500 lost 5.6% and the Dow Jones Industrial Average fell 6%.