Equities research analysts expect Alphabet Inc (NASDAQ:GOOGL) to post $12.77 earnings per share for the current quarter, according to Zacks. Eleven analysts have made estimates for Alphabet’s earnings, with the highest EPS estimate coming in at $13.24 and the lowest estimate coming in at $12.01. Alphabet also posted earnings of $12.77 per share in the same quarter last year. The business is scheduled to report its next earnings report after the market closes on Monday, February 3rd.
On average, analysts expect that Alphabet will report full-year earnings of $46.59 per share for the current fiscal year, with EPS estimates ranging from $45.84 to $47.06. For the next year, analysts expect that the company will post earnings of $54.75 per share, with EPS estimates ranging from $50.73 to $60.14. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Alphabet.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $12.42 by ($2.30). Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The firm had revenue of $33.01 billion for the quarter, compared to analysts’ expectations of $32.84 billion. During the same period last year, the company posted $13.06 earnings per share.
A number of brokerages recently issued reports on GOOGL. Monness Crespi & Hardt set a $1,360.00 price target on shares of Alphabet and gave the stock a “buy” rating in a report on Monday, October 21st. Pivotal Research restated a “buy” rating and set a $1,650.00 price objective on shares of Alphabet in a research report on Friday. Stifel Nicolaus upgraded shares of Alphabet from a “hold” rating to a “buy” rating and upped their price objective for the stock from $1,325.00 to $1,525.00 in a research report on Thursday, December 5th. Guggenheim reduced their price objective on shares of Alphabet from $1,525.00 to $1,460.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Finally, Citigroup restated a “buy” rating and set a $1,500.00 price objective (up from $1,450.00) on shares of Alphabet in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and forty have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $1,451.70.
Hedge funds and other institutional investors have recently modified their holdings of the company. SFE Investment Counsel increased its position in Alphabet by 4.2% during the fourth quarter. SFE Investment Counsel now owns 1,818 shares of the information services provider’s stock worth $2,435,000 after purchasing an additional 74 shares during the last quarter. Hamilton Wealth LLC increased its position in Alphabet by 1.9% during the fourth quarter. Hamilton Wealth LLC now owns 4,245 shares of the information services provider’s stock worth $5,686,000 after purchasing an additional 79 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in Alphabet during the fourth quarter worth about $380,000. Birch Hill Investment Advisors LLC increased its position in Alphabet by 1.5% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 35,208 shares of the information services provider’s stock worth $47,157,000 after purchasing an additional 521 shares during the last quarter. Finally, Rhenman & Partners Asset Management AB acquired a new stake in Alphabet during the fourth quarter worth about $214,000. Institutional investors and hedge funds own 33.55% of the company’s stock.
NASDAQ GOOGL traded up $29.36 during mid-day trading on Friday, reaching $1,479.52. 2,467,377 shares of the stock were exchanged, compared to its average volume of 1,253,554. The business’s 50 day moving average is $1,362.77 and its 200-day moving average is $1,252.10. Alphabet has a 1 year low of $1,027.03 and a 1 year high of $1,480.55. The company has a market capitalization of $1,000.16 billion, a P/E ratio of 31.75, a P/E/G ratio of 1.59 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78.
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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