Equities research analysts forecast that Alphabet Inc (NASDAQ:GOOGL) will announce $31.26 billion in sales for the current quarter, according to Zacks Investment Research. Thirteen analysts have issued estimates for Alphabet’s earnings, with the lowest sales estimate coming in at $30.45 billion and the highest estimate coming in at $31.81 billion. Alphabet posted sales of $25.87 billion during the same quarter last year, which indicates a positive year over year growth rate of 20.8%. The firm is expected to issue its next earnings results on Thursday, February 7th.

On average, analysts expect that Alphabet will report full year sales of $109.51 billion for the current fiscal year, with estimates ranging from $108.70 billion to $110.07 billion. For the next fiscal year, analysts forecast that the firm will post sales of $131.85 billion, with estimates ranging from $127.25 billion to $154.22 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Alphabet.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $10.54 by $2.52. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. The company had revenue of $27.16 billion for the quarter, compared to analyst estimates of $27.32 billion.

A number of analysts have weighed in on GOOGL shares. Monness Crespi & Hardt reduced their target price on Alphabet from $1,415.00 to $1,315.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $1,450.00 target price on shares of Alphabet in a research note on Tuesday, August 21st. Zacks Investment Research lowered Alphabet from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Wedbush started coverage on Alphabet in a research note on Wednesday, October 17th. They issued an “outperform” rating and a $1,350.00 target price on the stock. Finally, MKM Partners reduced their target price on Alphabet from $1,465.00 to $1,365.00 and set a “buy” rating on the stock in a research note on Monday, November 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and a consensus target price of $1,330.17.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Well Done LLC bought a new stake in Alphabet during the first quarter valued at about $107,000. Parkside Investments LLC bought a new stake in Alphabet during the third quarter valued at about $124,000. ELM Advisors LLC bought a new stake in Alphabet during the third quarter valued at about $128,000. Emerald Investment Partners LLC bought a new stake in Alphabet during the second quarter valued at about $137,000. Finally, Private Ocean LLC boosted its position in Alphabet by 355.6% during the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 96 shares in the last quarter. 30.54% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:GOOGL opened at $1,062.47 on Thursday. Alphabet has a fifty-two week low of $984.00 and a fifty-two week high of $1,291.44. The firm has a market cap of $772.18 billion, a P/E ratio of 33.15, a P/E/G ratio of 1.37 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14.

About Alphabet

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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