Zacks: Brokerages Expect Alphabet Inc (NASDAQ:GOOGL) to Announce $12.55 EPS

Equities analysts expect Alphabet Inc (NASDAQ:GOOGL) to post earnings per share (EPS) of $12.55 for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Alphabet’s earnings. The lowest EPS estimate is $11.85 and the highest is $13.79. Alphabet posted earnings of $13.06 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.9%. The company is scheduled to report its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that Alphabet will report full-year earnings of $49.61 per share for the current fiscal year, with EPS estimates ranging from $47.72 to $52.18. For the next fiscal year, analysts anticipate that the firm will report earnings of $55.90 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 analysts that that provide coverage for Alphabet.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating the consensus estimate of $11.49 by $2.72. The business had revenue of $31.71 billion during 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 research analysts recently issued reports on the stock. Stifel Nicolaus restated a “hold” rating and set a $1,287.00 target price on shares of Alphabet in a research report on Tuesday, July 23rd. Macquarie set a $1,300.00 price target on Alphabet and gave the stock a “buy” rating in a research report on Friday, July 26th. Cowen set a $1,500.00 price target on Alphabet and gave the stock a “buy” rating in a research report on Friday, July 26th. Canaccord Genuity lifted their price objective on Alphabet from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, JMP Securities boosted their price objective on Alphabet to $1,450.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $1,373.76.

Shares of NASDAQ:GOOGL traded up $14.30 during midday trading on Wednesday, reaching $1,220.00. The company’s stock had a trading volume of 1,173,855 shares, compared to its average volume of 1,598,249. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average of $1,191.17 and a 200 day moving average of $1,166.46. Alphabet has a twelve month low of $977.66 and a twelve month high of $1,296.97. The firm has a market capitalization of $835.73 billion, a PE ratio of 25.68, a P/E/G ratio of 1.34 and a beta of 0.99.

A number of institutional investors have recently added to or reduced their stakes in the stock. Valtinson Bruner Financial Planning LLC acquired a new stake in Alphabet in the 4th quarter worth about $222,000. Rothschild Capital Partners LLC lifted its position in shares of Alphabet by 1.1% in the fourth quarter. Rothschild Capital Partners LLC now owns 13,370 shares of the information services provider’s stock valued at $13,971,000 after acquiring an additional 146 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new position in shares of Alphabet in the fourth quarter valued at approximately $763,000. Advisor Partners LLC lifted its position in shares of Alphabet by 8.8% in the fourth quarter. Advisor Partners LLC now owns 6,281 shares of the information services provider’s stock valued at $6,563,000 after acquiring an additional 510 shares in the last quarter. Finally, Allen Capital Group LLC boosted its stake in shares of Alphabet by 6.9% in the fourth quarter. Allen Capital Group LLC now owns 1,484 shares of the information services provider’s stock worth $1,644,000 after acquiring an additional 96 shares during the last quarter. 33.81% of the stock is currently owned by hedge funds and other 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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