Equities research analysts expect Alphabet Inc (NASDAQ:GOOGL) to post earnings of $12.31 per share for the current quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Alphabet’s earnings, with the lowest EPS estimate coming in at $11.59 and the highest estimate coming in at $13.77. Alphabet posted earnings of $13.06 per share in the same quarter last year, which would indicate a negative year over year growth rate of 5.7%. The business is expected to issue its next earnings results on Thursday, October 24th.

On average, analysts expect that Alphabet will report full year earnings of $46.31 per share for the current fiscal year, with EPS estimates ranging from $43.37 to $51.27. For the next financial year, analysts forecast that the business will post earnings of $54.30 per share, with EPS estimates ranging from $50.65 to $59.14. Zacks’ EPS averages are an average based on a survey of research analysts that follow Alphabet.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.58% and a net margin of 23.43%. The company had revenue of $31.71 billion during the quarter, compared to the consensus estimate of $30.90 billion.

A number of brokerages recently commented on GOOGL. Pivotal Research began coverage on SRC Energy in a report on Wednesday, May 29th. They issued a “buy” rating and a $37.29 price target for the company. Royal Bank of Canada increased their price target on Alphabet to $1,425.00 and gave the company an “outperform” rating in a report on Friday. Argus increased their price target on Thermo Fisher Scientific from $285.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Mizuho increased their price target on Proofpoint from $120.00 to $128.00 and gave the company a “neutral” rating in a report on Friday. Finally, JMP Securities reissued an “outperform” rating and issued a $1,375.00 price target (up previously from $1,300.00) on shares of Alphabet in a report on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $1,354.32.

Shares of NASDAQ GOOGL traded up $109.28 on Friday, hitting $1,245.22. The company had a trading volume of 6,058,710 shares, compared to its average volume of 1,294,398. Alphabet has a 12-month low of $977.66 and a 12-month high of $1,296.97. The company has a 50 day moving average price of $1,116.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.96 and a quick ratio of 3.93. The firm has a market cap of $864.49 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 1.47 and a beta of 0.96.

Several institutional investors have recently made changes to their positions in the company. Shellback Capital LP bought a new position in Alphabet during the 4th quarter valued at $6,270,000. Exane Derivatives boosted its stake in shares of Alphabet by 49.3% during the 4th quarter. Exane Derivatives now owns 790 shares of the information services provider’s stock worth $825,000 after acquiring an additional 261 shares in the last quarter. J.P. Marvel Investment Advisors LLC boosted its stake in shares of Alphabet by 1.5% during the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,258 shares of the information services provider’s stock worth $12,073,000 after acquiring an additional 155 shares in the last quarter. OTA Financial Group L.P. bought a new stake in shares of Alphabet during the 1st quarter worth $38,962,000. Finally, CX Institutional boosted its stake in shares of Alphabet by 93.1% during the 4th quarter. CX Institutional now owns 112 shares of the information services provider’s stock worth $117,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 33.47% of the company’s stock.

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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