Alphabet Inc. Expected to Post Q4 2022 Earnings of $37.39 Per Share (NASDAQ:GOOG)

Alphabet Inc. (NASDAQ:GOOGGet Rating) – Stock analysts at KeyCorp reduced their Q4 2022 earnings per share (EPS) estimates for Alphabet in a report issued on Tuesday, April 26th. KeyCorp analyst J. Patterson now expects that the information services provider will earn $37.39 per share for the quarter, down from their previous forecast of $38.16.

GOOG has been the subject of a number of other reports. Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Tuesday, January 25th. Wedbush restated an “outperform” rating on shares of Alphabet in a research note on Wednesday, April 20th. Bank of America increased their price objective on shares of Alphabet from $3,210.00 to $3,470.00 in a research note on Wednesday, January 19th. Monness Crespi & Hardt increased their price objective on shares of Alphabet from $3,660.00 to $3,850.00 and gave the stock a “buy” rating in a research note on Wednesday, February 2nd. Finally, Cowen increased their price objective on shares of Alphabet from $3,500.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 2nd. Three equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat.com, Alphabet presently has an average rating of “Buy” and an average target price of $3,308.77.

Shares of NASDAQ GOOG opened at $2,388.23 on Friday. The firm has a market cap of $1.58 trillion, a PE ratio of 21.28, a PEG ratio of 1.08 and a beta of 1.06. The company has a current ratio of 2.93, a quick ratio of 2.91 and a debt-to-equity ratio of 0.06. Alphabet has a 1-year low of $2,230.05 and a 1-year high of $3,042.00. The company has a fifty day moving average price of $2,649.61 and a 200 day moving average price of $2,778.12.

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

Alphabet (NASDAQ:GOOGGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $25.51 by ($0.89). Alphabet had a net margin of 29.51% and a return on equity of 31.56%. During the same quarter last year, the business posted $26.29 earnings per share.

In other news, major shareholder 2016 Gp L.L.C. Gv sold 544,249 shares of the firm’s stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $11.16, for a total transaction of $6,073,818.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 42 shares of the stock in a transaction that occurred on Tuesday, February 1st. The stock was sold at an average price of $2,755.81, for a total transaction of $115,744.02. The disclosure for this sale can be found here. Insiders have sold 597,775 shares of company stock worth $153,262,635 over the last ninety days. Insiders own 12.99% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of GOOG. Morgan Stanley raised its stake in shares of Alphabet by 2.1% during the second quarter. Morgan Stanley now owns 2,433,132 shares of the information services provider’s stock valued at $6,098,209,000 after acquiring an additional 50,601 shares during the last quarter. Financial Council Asset Management Inc bought a new position in shares of Alphabet during the third quarter valued at $296,000. AXS Investments LLC bought a new position in shares of Alphabet during the third quarter valued at $1,231,000. Bender Robert & Associates raised its stake in shares of Alphabet by 36.5% during the third quarter. Bender Robert & Associates now owns 4,630 shares of the information services provider’s stock valued at $12,339,000 after acquiring an additional 1,238 shares during the last quarter. Finally, New World Advisors LLC bought a new position in shares of Alphabet during the third quarter valued at $724,000. Institutional investors and hedge funds own 30.76% of the company’s stock.

Alphabet Company Profile (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.

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Earnings History and Estimates for Alphabet (NASDAQ:GOOG)

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