Brokerages Expect Alphabet Inc. (NASDAQ:GOOGL) Will Announce Earnings of $26.72 Per Share

Equities research analysts expect Alphabet Inc. (NASDAQ:GOOGL) to post earnings per share of $26.72 for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Alphabet’s earnings. The lowest EPS estimate is $24.45 and the highest is $29.71. Alphabet posted earnings per share of $22.30 in the same quarter last year, which suggests a positive year-over-year growth rate of 19.8%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 1st.

On average, analysts expect that Alphabet will report full-year earnings of $107.86 per share for the current fiscal year, with EPS estimates ranging from $102.25 to $111.22. For the next year, analysts expect that the company will post earnings of $114.30 per share, with EPS estimates ranging from $102.71 to $124.83. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Alphabet.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, October 25th. The information services provider reported $27.99 EPS for the quarter, beating the consensus estimate of $23.13 by $4.86. Alphabet had a return on equity of 30.22% and a net margin of 29.52%. During the same quarter in the prior year, the business posted $16.40 EPS.

A number of analysts have recently issued reports on the stock. Monness Crespi & Hardt raised their price target on shares of Alphabet from $3,500.00 to $3,660.00 and gave the company a “buy” rating in a report on Wednesday, October 27th. Stifel Nicolaus lifted their target price on shares of Alphabet from $3,000.00 to $3,200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 27th. Cowen increased their price target on Alphabet from $3,300.00 to $3,360.00 and gave the company an “outperform” rating in a report on Wednesday, October 27th. KeyCorp increased their target price on Alphabet from $3,071.00 to $3,090.00 and gave the company an “overweight” rating in a report on Wednesday, October 27th. Finally, JMP Securities upped their price target on shares of Alphabet from $3,100.00 to $3,300.00 and gave the company a “market perform” rating in a research report on Wednesday, October 27th. Four research analysts have rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $3,156.15.

Shares of Alphabet stock traded up $6.76 during trading on Friday, hitting $2,922.40. 900,854 shares of the company’s stock traded hands, compared to its average volume of 1,534,131. Alphabet has a 1 year low of $1,694.00 and a 1 year high of $3,019.33. The business has a 50-day simple moving average of $2,850.18 and a 200-day simple moving average of $2,668.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.98 and a quick ratio of 2.96. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 28.14, a PEG ratio of 1.07 and a beta of 1.04.

A number of hedge funds and other institutional investors have recently made changes to their positions in GOOGL. First Interstate Bank purchased a new stake in Alphabet during the second quarter valued at approximately $8,822,000. Triumph Capital Management purchased a new position in Alphabet during the 2nd quarter worth $1,054,000. Charles Schwab Trust Co increased its position in Alphabet by 29.5% during the 3rd quarter. Charles Schwab Trust Co now owns 518 shares of the information services provider’s stock valued at $1,385,000 after buying an additional 118 shares in the last quarter. Sargent Bickham Lagudis LLC raised its stake in Alphabet by 1.7% in the second quarter. Sargent Bickham Lagudis LLC now owns 5,405 shares of the information services provider’s stock valued at $13,198,000 after buying an additional 92 shares during the last quarter. Finally, Cornerstone Wealth Group LLC boosted its holdings in Alphabet by 64.7% in the second quarter. Cornerstone Wealth Group LLC now owns 3,333 shares of the information services provider’s stock worth $8,304,000 after acquiring an additional 1,309 shares in the last quarter. 34.30% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Company Profile

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Earnings History and Estimates for Alphabet (NASDAQ:GOOGL)

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