$10.34 Earnings Per Share Expected for Alphabet Inc. (GOOGL) This Quarter
Equities analysts expect Alphabet Inc. (NASDAQ:GOOGL) to post $10.34 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Alphabet’s earnings, with the lowest EPS estimate coming in at $9.39 and the highest estimate coming in at $12.70. Alphabet posted earnings of $9.36 per share during the same quarter last year, which would suggest a positive year over year growth rate of 10.5%. The company is scheduled to report its next earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Alphabet will report full-year earnings of $32.17 per share for the current financial year, with EPS estimates ranging from $30.46 to $33.48. For the next financial year, analysts anticipate that the business will post earnings of $41.57 per share, with EPS estimates ranging from $38.39 to $44.86. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Alphabet.
Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. During the same period last year, the business posted $9.06 EPS.
Several equities analysts have recently issued reports on GOOGL shares. Credit Suisse Group reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Alphabet in a research note on Wednesday, July 12th. Argus reiterated a “buy” rating and issued a $968.72 price objective (down previously from $1,085.00) on shares of Alphabet in a research note on Friday, July 14th. Pivotal Research reiterated a “hold” rating and issued a $980.00 price objective (down previously from $990.00) on shares of Alphabet in a research note on Monday, July 17th. Zacks Investment Research cut Alphabet from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,050.00 price objective on shares of Alphabet in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $1,088.02.
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A number of institutional investors have recently added to or reduced their stakes in GOOGL. Koch Industries Inc. increased its stake in Alphabet by 181,219.4% in the second quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock valued at $1,085,000 after purchasing an additional 1,085,504 shares during the last quarter. Harbour Capital Advisors LLC increased its stake in Alphabet by 65,026.4% in the second quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock valued at $800,000 after purchasing an additional 742,602 shares during the last quarter. Vanguard Group Inc. increased its stake in Alphabet by 3.3% in the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after purchasing an additional 662,279 shares during the last quarter. BlackRock Inc. increased its stake in Alphabet by 3.1% in the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after purchasing an additional 567,337 shares during the last quarter. Finally, FMR LLC increased its stake in Alphabet by 2.1% during the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after acquiring an additional 367,634 shares during the last quarter. Hedge funds and other institutional investors own 33.87% of the company’s stock.
Shares of Alphabet (GOOGL) traded down $7.31 during trading on Monday, reaching $1,042.68. The company had a trading volume of 897,897 shares, compared to its average volume of 1,700,000. Alphabet has a 12 month low of $743.59 and a 12 month high of $1,063.62. The stock has a market cap of $721,460.00, a PE ratio of 35.15, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.
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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