Alphabet Inc (NASDAQ:GOOGL) – Equities research analysts at KeyCorp issued their Q1 2020 earnings estimates for shares of Alphabet in a report issued on Monday, February 4th. KeyCorp analyst A. Hargreaves forecasts that the information services provider will post earnings of $10.75 per share for the quarter. KeyCorp also issued estimates for Alphabet’s Q2 2020 earnings at $11.61 EPS, Q3 2020 earnings at $12.57 EPS and Q4 2020 earnings at $13.04 EPS.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $11.08 by $1.69. The business had revenue of $31.84 billion for the quarter, compared to analysts’ expectations of $31.28 billion. Alphabet had a return on equity of 20.34% and a net margin of 22.47%. During the same period in the previous year, the firm posted $9.70 EPS.

GOOGL has been the topic of a number of other research reports. Nomura reissued an “outperform” rating on shares of Alphabet in a research report on Wednesday. Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday. William Blair reissued an “outperform” rating on shares of Alphabet in a research report on Tuesday. Wells Fargo & Co set a $1,300.00 target price on Alphabet and gave the company a “buy” rating in a research report on Tuesday. Finally, Wedbush reissued an “outperform” rating and issued a $1,350.00 target price on shares of Alphabet in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,320.71.

GOOGL stock opened at $1,122.89 on Thursday. The company has a market cap of $801.56 billion, a PE ratio of 23.63, a PEG ratio of 1.36 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. Alphabet has a one year low of $977.66 and a one year high of $1,291.44.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Leavell Investment Management Inc. boosted its position in Alphabet by 3.8% during the third quarter. Leavell Investment Management Inc. now owns 1,355 shares of the information services provider’s stock worth $1,636,000 after acquiring an additional 50 shares during the last quarter. Iberiabank Corp boosted its holdings in shares of Alphabet by 18.7% in the 3rd quarter. Iberiabank Corp now owns 3,489 shares of the information services provider’s stock valued at $4,212,000 after purchasing an additional 549 shares during the last quarter. Oakworth Capital Inc. boosted its holdings in shares of Alphabet by 26.7% in the 3rd quarter. Oakworth Capital Inc. now owns 437 shares of the information services provider’s stock valued at $527,000 after purchasing an additional 92 shares during the last quarter. Spinnaker Trust boosted its holdings in shares of Alphabet by 18.1% in the 3rd quarter. Spinnaker Trust now owns 1,521 shares of the information services provider’s stock valued at $1,835,000 after purchasing an additional 233 shares during the last quarter. Finally, Robecosam AG boosted its holdings in shares of Alphabet by 5.5% in the 2nd quarter. Robecosam AG now owns 6,034 shares of the information services provider’s stock valued at $6,799,000 after purchasing an additional 316 shares during the last quarter. 33.41% of the stock is owned by hedge funds and other institutional investors.

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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