Zacks Research Analysts Cut Earnings Estimates for Alphabet

Alphabet Inc. (NASDAQ:GOOG) – Equities researchers at Zacks Research decreased their Q1 2027 earnings per share estimates for shares of Alphabet in a research note issued to investors on Wednesday, July 23rd. Zacks Research analyst R. Department now anticipates that the information services provider will post earnings per share of $2.55 for the quarter, down from their previous estimate of $2.67. The consensus estimate for Alphabet’s current full-year earnings is $8.89 per share. Zacks Research also issued estimates for Alphabet’s Q2 2027 earnings at $2.76 EPS and FY2027 earnings at $11.51 EPS.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. The company had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. During the same period last year, the company posted $1.89 earnings per share. The firm’s revenue was up 13.8% compared to the same quarter last year.

Several other research firms have also commented on GOOG. Raymond James Financial reissued an “outperform” rating and issued a $210.00 price objective (up from $185.00) on shares of Alphabet in a research report on Thursday. UBS Group raised their price objective on Alphabet from $186.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Cowen reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, July 9th. Piper Sandler reissued a “neutral” rating on shares of Alphabet in a research report on Wednesday, July 9th. Finally, Pivotal Research raised their price objective on Alphabet from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $215.19.

Alphabet Trading Up 0.5%

NASDAQ:GOOG opened at $194.08 on Friday. The business’s 50-day moving average is $176.86 and its two-hundred day moving average is $174.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.77. Alphabet has a 12 month low of $142.66 and a 12 month high of $208.70. The firm has a market capitalization of $2.36 trillion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be paid a $0.21 dividend. The ex-dividend date is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.43%. Alphabet’s dividend payout ratio (DPR) is 8.95%.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the completion of the transaction, the chief executive officer directly owned 2,559,892 shares in the company, valued at $456,991,919.84. The trade was a 1.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kavitark Ram Shriram sold 18,566 shares of Alphabet stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the transaction, the director owned 243,400 shares of the company’s stock, valued at approximately $45,213,984. The trade was a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 249,409 shares of company stock valued at $43,523,710. 12.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alphabet

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Alphabet by 2.4% in the first quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider’s stock valued at $64,299,725,000 after acquiring an additional 9,687,855 shares during the period. Kingstone Capital Partners Texas LLC boosted its stake in Alphabet by 580,897.4% in the second quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider’s stock valued at $23,963,208,000 after acquiring an additional 135,064,454 shares during the period. FMR LLC boosted its position in shares of Alphabet by 2.8% during the fourth quarter. FMR LLC now owns 117,991,725 shares of the information services provider’s stock worth $22,470,344,000 after buying an additional 3,189,592 shares during the period. Geode Capital Management LLC boosted its position in shares of Alphabet by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 104,777,092 shares of the information services provider’s stock worth $19,894,651,000 after buying an additional 1,219,606 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Alphabet by 9.9% during the first quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider’s stock worth $15,971,861,000 after buying an additional 9,243,959 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Company Profile

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.