$26.69 Earnings Per Share Expected for Alphabet Inc. (NASDAQ:GOOGL) This Quarter

Equities analysts predict that Alphabet Inc. (NASDAQ:GOOGLGet Rating) will post earnings per share of $26.69 for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Alphabet’s earnings, with the highest EPS estimate coming in at $29.82 and the lowest estimate coming in at $24.89. Alphabet reported earnings of $27.26 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 2.1%. The firm is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Alphabet will report full year earnings of $112.62 per share for the current financial year, with EPS estimates ranging from $103.52 to $124.21. For the next fiscal year, analysts forecast that the company will post earnings of $133.26 per share, with EPS estimates ranging from $122.44 to $146.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Alphabet.

Alphabet (NASDAQ:GOOGLGet Rating) last released its earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share for the quarter, missing the consensus estimate of $25.51 by ($0.89). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same quarter in the previous year, the company posted $26.29 EPS.

GOOGL has been the topic of several research analyst reports. BMO Capital Markets dropped their target price on shares of Alphabet from $3,300.00 to $3,000.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 27th. Bank of America upped their price objective on shares of Alphabet from $3,470.00 to $3,510.00 and gave the company a “buy” rating in a report on Wednesday, February 2nd. Guggenheim dropped their price objective on shares of Alphabet from $3,350.00 to $3,000.00 in a report on Wednesday, April 27th. Tigress Financial boosted their target price on shares of Alphabet from $3,540.00 to $3,670.00 and gave the company a “strong-buy” rating in a research note on Friday, March 18th. Finally, Rosenblatt Securities assumed coverage on shares of Alphabet in a research note on Tuesday, April 19th. They issued a “buy” rating and a $4,183.00 target price for the company. Four investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Alphabet has a consensus rating of “Buy” and an average price target of $3,314.08.

NASDAQ:GOOGL opened at $2,445.22 on Monday. The company has a market cap of $1.62 trillion, a PE ratio of 22.12, a P/E/G ratio of 1.03 and a beta of 1.13. Alphabet has a twelve month low of $2,193.62 and a twelve month high of $3,030.93. The company has a current ratio of 2.87, a quick ratio of 2.85 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $2,621.79 and its two-hundred day moving average is $2,758.89.

Shares of Alphabet are set to split before the market opens 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.

In related news, major shareholder 2016 Gp L.L.C. Gv sold 544,249 shares of the company’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 42 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total transaction of $98,082.60. Following the completion of the sale, the chief accounting officer now directly owns 1,170 shares of the company’s stock, valued at approximately $2,732,301. The disclosure for this sale can be found here. Insiders sold 550,230 shares of company stock valued at $21,567,069 over the last quarter. Company insiders own 11.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in GOOGL. Ameritas Advisory Services LLC boosted its stake in Alphabet by 5.4% during the first quarter. Ameritas Advisory Services LLC now owns 1,866 shares of the information services provider’s stock worth $5,191,000 after buying an additional 95 shares during the period. Blue Chip Partners Inc. boosted its stake in Alphabet by 8.1% during the first quarter. Blue Chip Partners Inc. now owns 665 shares of the information services provider’s stock worth $1,850,000 after buying an additional 50 shares during the period. Hemington Wealth Management boosted its stake in Alphabet by 43.4% during the first quarter. Hemington Wealth Management now owns 317 shares of the information services provider’s stock worth $882,000 after buying an additional 96 shares during the period. Dowling & Yahnke LLC boosted its stake in Alphabet by 1.3% during the first quarter. Dowling & Yahnke LLC now owns 9,678 shares of the information services provider’s stock worth $26,918,000 after buying an additional 123 shares during the period. Finally, Oak Harvest Investment Services boosted its stake in Alphabet by 6.7% during the first quarter. Oak Harvest Investment Services now owns 3,243 shares of the information services provider’s stock worth $9,019,000 after buying an additional 205 shares during the period. 41.70% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

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Earnings History and Estimates for Alphabet (NASDAQ:GOOGL)

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