$10.57 EPS Expected for Alphabet Inc (GOOGL) This Quarter

Equities analysts predict that Alphabet Inc (NASDAQ:GOOGL) will post earnings per share of $10.57 for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Alphabet’s earnings, with the lowest EPS estimate coming in at $9.32 and the highest estimate coming in at $11.80. Alphabet reported earnings per share of $9.93 in the same quarter last year, which indicates a positive year-over-year growth rate of 6.4%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, April 29th.

According to Zacks, analysts expect that Alphabet will report full-year earnings of $47.51 per share for the current financial year, with EPS estimates ranging from $42.31 to $51.00. For the next fiscal year, analysts forecast that the business will post earnings of $55.02 per share, with EPS estimates ranging from $47.97 to $58.29. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Alphabet.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.08 by $1.69. The firm had revenue of $31.84 billion for the quarter, compared to analysts’ expectations of $31.28 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. During the same quarter last year, the business posted $9.70 earnings per share.

GOOGL has been the subject of a number of recent research reports. BMO Capital Markets raised their target price on shares of Alphabet from $1,100.00 to $1,200.00 and gave the company a “market perform” rating in a report on Thursday. They noted that the move was a valuation call. ValuEngine raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Needham & Company LLC initiated coverage on shares of Alphabet in a report on Monday, March 4th. They issued a “buy” rating and a $1,153.42 target price for the company. Wells Fargo & Co set a $1,300.00 target price on shares of Alphabet and gave the company a “buy” rating in a report on Tuesday, February 5th. Finally, William Blair reissued an “outperform” rating on shares of Alphabet in a report on Tuesday, February 5th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,333.36.

Shares of Alphabet stock traded up $7.30 on Friday, hitting $1,274.64. 874,800 shares of the company traded hands, compared to its average volume of 1,536,511. The stock has a market cap of $881.66 billion, a P/E ratio of 26.83, a PEG ratio of 1.50 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89. Alphabet has a 52 week low of $977.66 and a 52 week high of $1,291.44.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Flaharty Asset Management LLC purchased a new stake in shares of Alphabet during the first quarter valued at $315,000. Brighton Jones LLC boosted its stake in shares of Alphabet by 26.3% during the first quarter. Brighton Jones LLC now owns 1,620 shares of the information services provider’s stock valued at $1,907,000 after purchasing an additional 337 shares during the period. Gs Investments Inc. boosted its stake in shares of Alphabet by 0.6% during the first quarter. Gs Investments Inc. now owns 2,139 shares of the information services provider’s stock valued at $2,517,000 after purchasing an additional 12 shares during the period. Budros Ruhlin & Roe Inc. boosted its stake in shares of Alphabet by 6.2% during the first quarter. Budros Ruhlin & Roe Inc. now owns 688 shares of the information services provider’s stock valued at $810,000 after purchasing an additional 40 shares during the period. Finally, Alpha Cubed Investments LLC boosted its stake in shares of Alphabet by 6.2% during the first quarter. Alpha Cubed Investments LLC now owns 12,044 shares of the information services provider’s stock valued at $14,174,000 after purchasing an additional 699 shares during the period. 34.02% of the stock is owned by institutional investors.

Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Earnings History and Estimates for Alphabet (NASDAQ:GOOGL)

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