Zacks: Analysts Expect Alphabet Inc (NASDAQ:GOOGL) to Post $12.72 Earnings Per Share

Equities analysts predict that Alphabet Inc (NASDAQ:GOOGL) will report earnings of $12.72 per share for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Alphabet’s earnings, with the lowest EPS estimate coming in at $11.85 and the highest estimate coming in at $15.14. Alphabet reported earnings per share of $13.06 during the same quarter last year, which suggests a negative year over year growth rate of 2.6%. The firm is expected to announce its next earnings results on Thursday, October 24th.

On average, analysts expect that Alphabet will report full-year earnings of $49.65 per share for the current fiscal year, with EPS estimates ranging from $45.90 to $53.84. For the next year, analysts anticipate that the firm will report earnings of $55.84 per share, with EPS estimates ranging from $50.65 to $62.54. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Alphabet.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $11.49 by $2.72. The company had revenue of $31.71 billion for the quarter, compared to analysts’ expectations of $30.90 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%.

A number of equities analysts have recently issued reports on GOOGL shares. Nomura reissued a “buy” rating and set a $1,400.00 price objective (up previously from $1,300.00) on shares of Alphabet in a research report on Friday, July 26th. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Saturday, July 13th. SunTrust Banks reissued a “buy” rating and set a $1,325.00 price objective on shares of Alphabet in a research report on Monday, July 22nd. Canaccord Genuity increased their price objective on shares of Alphabet from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Macquarie set a $1,300.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $1,371.05.

GOOGL stock opened at $1,169.32 on Tuesday. The stock has a market capitalization of $829.81 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. The company’s 50-day moving average is $1,157.83 and its 200-day moving average is $1,158.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 3.96. Alphabet has a 1 year low of $977.66 and a 1 year high of $1,296.97.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Thoroughbred Financial Services LLC increased its stake in Alphabet by 205,910.9% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,393,000 shares of the information services provider’s stock valued at $339,300,000 after buying an additional 3,391,353 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Alphabet by 2,010.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,214,432 shares of the information services provider’s stock valued at $2,397,786,000 after buying an additional 2,109,515 shares during the last quarter. Invesco Ltd. increased its stake in Alphabet by 37.1% in the 2nd quarter. Invesco Ltd. now owns 4,752,079 shares of the information services provider’s stock valued at $5,145,551,000 after buying an additional 1,285,824 shares during the last quarter. Packer & Co Ltd increased its stake in Alphabet by 4,018.6% in the 2nd quarter. Packer & Co Ltd now owns 958,600 shares of the information services provider’s stock valued at $25,202,000 after buying an additional 935,325 shares during the last quarter. Finally, Veritas Asset Management LLP increased its stake in Alphabet by 52.9% in the 2nd quarter. Veritas Asset Management LLP now owns 1,028,976 shares of the information services provider’s stock valued at $1,114,175,000 after buying an additional 355,900 shares during the last quarter. 33.96% of the stock is currently owned by institutional investors and hedge funds.

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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