Alphabet Inc (GOOGL) Expected to Announce Earnings of $10.12 Per Share

Analysts expect that Alphabet Inc (NASDAQ:GOOGL) will post earnings per share (EPS) of $10.12 for the current fiscal quarter, according to Zacks. Twelve analysts have issued estimates for Alphabet’s earnings. The lowest EPS estimate is $9.14 and the highest is $10.92. Alphabet posted earnings per share of $9.36 during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.1%. The company is expected to announce its next earnings report after the market closes on Thursday, February 1st.

On average, analysts expect that Alphabet will report full-year earnings of $32.36 per share for the current year, with EPS estimates ranging from $30.50 to $33.23. For the next financial year, analysts expect that the business will post earnings of $41.59 per share, with EPS estimates ranging from $39.37 to $44.86. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Alphabet.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The business had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period in the prior year, the company posted $9.06 EPS.

Several research firms recently commented on GOOGL. Vetr raised Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,046.78 price objective for the company in a research note on Monday, September 18th. Citigroup reissued a “buy” rating and issued a $1,180.00 price objective on shares of Alphabet in a research note on Wednesday, September 20th. Susquehanna Bancshares reissued a “positive” rating and issued a $1,200.00 price objective on shares of Alphabet in a research note on Thursday, September 21st. Cantor Fitzgerald reissued a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a research note on Thursday, September 21st. Finally, SunTrust Banks reissued a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a research note on Saturday, September 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,098.50.

A number of institutional investors have recently made changes to their positions in the stock. Pure Financial Advisors Inc. raised its position in Alphabet by 0.4% in the 2nd quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock valued at $258,000 after purchasing an additional 1 shares in the last quarter. First Bank & Trust raised its position in shares of Alphabet by 0.3% during the 2nd quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock worth $710,000 after acquiring an additional 2 shares in the last quarter. Fort Pitt Capital Group LLC raised its position in shares of Alphabet by 0.3% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 723 shares of the information services provider’s stock worth $672,000 after acquiring an additional 2 shares in the last quarter. RB Capital Management LLC raised its position in shares of Alphabet by 0.4% during the 2nd quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock worth $654,000 after acquiring an additional 3 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Alphabet by 0.7% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 422 shares of the information services provider’s stock worth $392,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 33.57% of the company’s stock.

Alphabet (GOOGL) opened at $1,130.65 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The firm has a market capitalization of $782,650.00, a P/E ratio of 37.66, a PEG ratio of 1.48 and a beta of 0.90. Alphabet has a 52 week low of $812.05 and a 52 week high of $1,131.30.

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Alphabet Company Profile

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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