Wall Street analysts forecast that Alphabet Inc (NASDAQ:GOOGL) will announce earnings per share of $10.12 for the current quarter, according to Zacks. Twelve analysts have provided estimates for Alphabet’s earnings. The highest EPS estimate is $10.92 and the lowest is $9.14. Alphabet posted earnings per share of $9.36 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.1%. The firm is expected to announce its next earnings results after the market closes on Thursday, February 1st.

On average, analysts expect that Alphabet will report full-year earnings of $32.36 per share for the current financial year, with EPS estimates ranging from $30.50 to $33.23. For the next year, analysts anticipate that the business will report earnings of $41.59 per share, with EPS estimates ranging from $39.37 to $44.86. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Alphabet.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $22.27 billion during the quarter, compared to analyst estimates of $21.94 billion. During the same period in the prior year, the business posted $9.06 EPS.

Several research analysts have commented on GOOGL shares. CIBC restated an “outperform” rating and issued a $1,180.00 price objective (up from $1,050.00) on shares of Alphabet in a report on Friday, October 27th. Pivotal Research restated a “hold” rating and issued a $970.00 price objective on shares of Alphabet in a report on Friday, October 13th. Citigroup restated a “buy” rating and issued a $1,180.00 price objective on shares of Alphabet in a report on Tuesday, October 24th. They noted that the move was a valuation call. Vetr lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price objective for the company. in a report on Friday, October 6th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Alphabet in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $1,098.50.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Koch Industries Inc. lifted its stake in shares of Alphabet by 181,219.4% in the 2nd quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock worth $1,085,000 after purchasing an additional 1,085,504 shares during the period. Harbour Capital Advisors LLC lifted its stake in shares of Alphabet by 65,026.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock worth $800,000 after purchasing an additional 742,602 shares during the period. Vanguard Group Inc. lifted its stake in shares of Alphabet by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after purchasing an additional 662,279 shares during the period. BlackRock Inc. lifted its stake in shares of Alphabet by 3.1% in the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after purchasing an additional 567,337 shares during the period. Finally, FMR LLC lifted its stake in shares of Alphabet by 2.1% in the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after purchasing an additional 367,634 shares during the period. 33.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alphabet (GOOGL) opened at $1,130.65 on Tuesday. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet has a 1-year low of $812.05 and a 1-year high of $1,131.30. The company has a market cap of $782,650.00, a price-to-earnings ratio of 37.66, a P/E/G ratio of 1.48 and a beta of 0.90.

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Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Earnings History and Estimates for Alphabet (NASDAQ:GOOGL)

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