Equities research analysts expect that Alphabet Inc. (NASDAQ:GOOGL) will announce sales of $25.65 billion for the current fiscal quarter, Zacks reports. Thirteen analysts have provided estimates for Alphabet’s earnings, with estimates ranging from $25.25 billion to $26.12 billion. Alphabet reported sales of $20.92 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 22.6%. The firm is expected to issue its next quarterly earnings results on Monday, July 23rd.

On average, analysts expect that Alphabet will report full year sales of $108.57 billion for the current fiscal year, with estimates ranging from $106.96 billion to $110.53 billion. For the next fiscal year, analysts expect that the business will post sales of $128.46 billion per share, with estimates ranging from $125.78 billion to $131.01 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Alphabet.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, April 23rd. The information services provider reported $9.93 EPS for the quarter, topping the Zacks’ consensus estimate of $9.21 by $0.72. Alphabet had a return on equity of 15.58% and a net margin of 14.19%. The firm had revenue of $24.86 billion during the quarter, compared to analyst estimates of $24.20 billion. During the same period last year, the company earned $7.73 earnings per share.

A number of equities analysts have recently commented on GOOGL shares. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $1,250.00 price target (up from $1,120.00) on shares of Alphabet in a report on Monday, January 29th. B. Riley lifted their price objective on Alphabet from $1,200.00 to $1,375.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,131.00 price objective for the company in a research note on Monday, April 9th. Vetr raised Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,192.20 price objective for the company in a research note on Friday, March 23rd. Finally, Bank of America reissued a “buy” rating and set a $1,360.00 price objective (up previously from $1,340.00) on shares of Alphabet in a research note on Friday, February 2nd. Five research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $1,201.19.

A number of hedge funds have recently modified their holdings of GOOGL. Well Done LLC purchased a new position in shares of Alphabet in the first quarter worth about $107,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in Alphabet during the 4th quarter valued at about $108,000. Westchester Capital Management Inc. increased its holdings in Alphabet by 1,262.5% during the 1st quarter. Westchester Capital Management Inc. now owns 109 shares of the information services provider’s stock valued at $113,000 after purchasing an additional 101 shares during the period. Stuart Chaussee & Associates Inc. purchased a new position in Alphabet during the 4th quarter valued at about $123,000. Finally, KHP Capital LLC purchased a new position in Alphabet during the 1st quarter valued at about $124,000. 34.38% of the stock is owned by hedge funds and other institutional investors.

Alphabet stock opened at $1,084.09 on Thursday. Alphabet has a one year low of $1,081.68 and a one year high of $1,094.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.87 and a quick ratio of 4.85. The firm has a market capitalization of $769.03 billion, a PE ratio of 33.82, a P/E/G ratio of 1.58 and a beta of 1.05.

Alphabet announced that its Board of Directors has initiated a stock buyback program on Thursday, February 1st that permits the company to buyback $8.59 billion in shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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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