Alphabet (NASDAQ:GOOGL – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.49 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same quarter in the prior year, the firm earned $1.05 earnings per share. On average, analysts expect Alphabet to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Alphabet Stock Up 1.3 %
Shares of GOOGL opened at $158.26 on Wednesday. The firm has a market cap of $1.97 trillion, a P/E ratio of 27.29, a P/E/G ratio of 1.42 and a beta of 1.05. The stock has a 50 day simple moving average of $146.69 and a two-hundred day simple moving average of $140.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. Alphabet has a 1 year low of $102.63 and a 1 year high of $160.22.
Insider Buying and Selling
Wall Street Analysts Forecast Growth
Several analysts have issued reports on GOOGL shares. Susquehanna upped their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Jefferies Financial Group boosted their price objective on Alphabet from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, April 19th. BMO Capital Markets reiterated an “outperform” rating and issued a $185.00 price objective (up previously from $178.00) on shares of Alphabet in a research report on Wednesday, April 10th. Mizuho boosted their price objective on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Wedbush reiterated an “outperform” rating and issued a $175.00 price objective on shares of Alphabet in a research report on Wednesday, April 10th. Five investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.71.
View Our Latest Research Report on Alphabet
About Alphabet
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.
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