Brokerages expect Alphabet Inc. (NASDAQ:GOOGL) to announce sales of $21.93 billion for the current quarter, according to Zacks Investment Research. Twelve analysts have made estimates for Alphabet’s earnings, with the lowest sales estimate coming in at $21.61 billion and the highest estimate coming in at $22.60 billion. Alphabet posted sales of $18.27 billion in the same quarter last year, which would indicate a positive year over year growth rate of 20%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Alphabet will report full-year sales of $21.93 billion for the current fiscal year, with estimates ranging from $87.38 billion to $89.04 billion. For the next financial year, analysts forecast that the business will report sales of $103.14 billion per share, with estimates ranging from $100.41 billion to $106.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Alphabet.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the Zacks’ consensus estimate of $8.25 by $3.24. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. During the same period in the previous year, the firm posted $8.42 earnings per share.

Several analysts have commented on GOOGL shares. Deutsche Bank AG restated a “buy” rating on shares of Alphabet in a report on Monday, May 22nd. Aegis reiterated a “buy” rating on shares of Alphabet in a report on Monday, May 22nd. UBS AG reiterated a “buy” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Monday, May 15th. Moffett Nathanson reiterated a “buy” rating on shares of Alphabet in a report on Friday, June 9th. Finally, Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,052.36 price objective on the stock in a report on Monday, June 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Alphabet has a consensus rating of “Buy” and an average price target of $1,053.45.

Institutional investors have recently bought and sold shares of the business. Koch Industries Inc. raised its position in shares of Alphabet by 181,219.4% during the second quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock worth $1,085,000 after purchasing an additional 1,085,504 shares during the period. Harbour Capital Advisors LLC raised its position in shares of Alphabet by 65,026.4% during the second quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock worth $800,000 after purchasing an additional 742,602 shares during the period. Vanguard Group Inc. raised its position in shares of Alphabet by 3.3% during the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after purchasing an additional 662,279 shares during the period. BlackRock Inc. raised its position in shares of Alphabet by 3.1% during the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after purchasing an additional 567,337 shares during the period. Finally, FMR LLC raised its position in shares of Alphabet by 2.1% during the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after purchasing an additional 367,634 shares during the period. Hedge funds and other institutional investors own 33.88% of the company’s stock.

Shares of Alphabet (NASDAQ GOOGL) opened at 943.29 on Tuesday. Alphabet has a 52-week low of $743.59 and a 52-week high of $1,008.61. The firm has a 50-day moving average of $943.79 and a 200 day moving average of $924.71. The company has a market capitalization of $653.59 billion, a P/E ratio of 34.19 and a beta of 0.98.

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About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Earnings History and Estimates for Alphabet (NASDAQ:GOOGL)

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