Analysts Anticipate Alphabet Inc. (NASDAQ:GOOGL) Will Post Earnings of $25.49 Per Share

Brokerages forecast that Alphabet Inc. (NASDAQ:GOOGLGet Rating) will report $25.49 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Alphabet’s earnings, with the highest EPS estimate coming in at $27.85 and the lowest estimate coming in at $22.90. Alphabet reported earnings per share of $26.29 during the same quarter last year, which would indicate a negative year-over-year growth rate of 3%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Alphabet will report full-year earnings of $117.04 per share for the current year, with EPS estimates ranging from $102.55 to $128.82. For the next year, analysts anticipate that the business will report earnings of $136.53 per share, with EPS estimates ranging from $124.31 to $148.49. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Alphabet.

Alphabet (NASDAQ:GOOGLGet Rating) last released its earnings results on Tuesday, February 1st. The information services provider reported $30.69 EPS for the quarter, topping analysts’ consensus estimates of $26.69 by $4.00. Alphabet had a net margin of 29.51% and a return on equity of 31.56%. The company had revenue of $61.90 billion for the quarter, compared to analysts’ expectations of $59.32 billion. During the same quarter last year, the business earned $22.30 EPS.

A number of equities research analysts have commented on the stock. BMO Capital Markets raised their target price on shares of Alphabet from $3,200.00 to $3,300.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Alphabet from $3,250.00 to $3,450.00 and gave the company an “overweight” rating in a research report on Wednesday, February 2nd. KeyCorp lifted their price objective on shares of Alphabet from $3,090.00 to $3,400.00 and gave the company an “overweight” rating in a research report on Wednesday, February 2nd. Wells Fargo & Company lifted their price objective on shares of Alphabet from $3,400.00 to $3,600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Alphabet from $3,350.00 to $3,400.00 and gave the company a “buy” rating in a research report on Wednesday, February 2nd. Five analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $3,382.18.

In related news, Director Brin Sergey sold 2,639 shares of Alphabet stock in a transaction dated Monday, April 11th. The stock was sold at an average price of $2,632.28, for a total value of $6,946,586.92. Following the completion of the sale, the director now directly owns 18,599,842 shares in the company, valued at $48,959,992,099.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder 2016 Gp L.L.C. Gv sold 544,249 shares of Alphabet stock in a transaction dated Monday, April 11th. The shares were sold at an average price of $11.16, for a total value of $6,073,818.84. The disclosure for this sale can be found here. Insiders own 13.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Patron Partners LLC grew its holdings in Alphabet by 0.8% during the third quarter. Patron Partners LLC now owns 526 shares of the information services provider’s stock worth $1,406,000 after acquiring an additional 4 shares during the period. Budros Ruhlin & Roe Inc. grew its holdings in Alphabet by 0.6% during the third quarter. Budros Ruhlin & Roe Inc. now owns 650 shares of the information services provider’s stock worth $1,738,000 after acquiring an additional 4 shares during the period. Walkner Condon Financial Advisors LLC grew its holdings in Alphabet by 0.8% during the third quarter. Walkner Condon Financial Advisors LLC now owns 507 shares of the information services provider’s stock worth $1,357,000 after acquiring an additional 4 shares during the period. Berkeley Capital Partners LLC grew its holdings in Alphabet by 1.1% during the third quarter. Berkeley Capital Partners LLC now owns 383 shares of the information services provider’s stock worth $1,024,000 after acquiring an additional 4 shares during the period. Finally, Sonata Capital Group Inc. grew its holdings in Alphabet by 2.5% during the third quarter. Sonata Capital Group Inc. now owns 162 shares of the information services provider’s stock worth $433,000 after acquiring an additional 4 shares during the period. Institutional investors and hedge funds own 34.47% of the company’s stock.

NASDAQ GOOGL opened at $2,534.60 on Tuesday. Alphabet has a 12 month low of $2,193.62 and a 12 month high of $3,030.93. The stock has a market cap of $1.68 trillion, a price-to-earnings ratio of 22.58, a PEG ratio of 1.12 and a beta of 1.06. The company’s 50 day moving average is $2,695.66 and its two-hundred day moving average is $2,789.50. The company has a current ratio of 2.93, a quick ratio of 2.91 and a debt-to-equity ratio of 0.06.

Shares of Alphabet are scheduled to split before the market opens on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly issued shares will be issued to shareholders after the closing bell on Friday, July 15th.

About Alphabet (Get Rating)

Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Recommended Stories

Get a free copy of the Zacks research report on Alphabet (GOOGL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.