Brokerages expect Alphabet Inc (NASDAQ:GOOGL) to announce $29.98 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Alphabet’s earnings, with estimates ranging from $29.72 billion to $30.26 billion. Alphabet reported sales of $24.86 billion in the same quarter last year, which indicates a positive year over year growth rate of 20.6%. The company is scheduled to announce its next quarterly earnings report on Monday, April 22nd.

On average, analysts expect that Alphabet will report full-year sales of $131.79 billion for the current fiscal year, with estimates ranging from $130.24 billion to $132.93 billion. For the next financial year, analysts anticipate that the firm will post sales of $155.03 billion, with estimates ranging from $151.94 billion to $158.23 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Alphabet.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping the consensus estimate of $11.08 by $1.69. The business had revenue of $31.84 billion during the quarter, compared to analyst estimates of $31.28 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. During the same quarter in the prior year, the firm earned $9.70 earnings per share.

Several equities research analysts recently weighed in on GOOGL shares. Wells Fargo & Co set a $1,300.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a report on Tuesday, February 5th. William Blair reaffirmed an “outperform” rating on shares of Alphabet in a report on Tuesday, February 5th. Wedbush reaffirmed an “outperform” rating and issued a $1,350.00 price objective on shares of Alphabet in a report on Tuesday, February 5th. Nomura reduced their price objective on shares of Alphabet from $1,350.00 to $1,310.00 and set a “buy” rating for the company in a report on Tuesday, February 5th. Finally, Citigroup reduced their price objective on shares of Alphabet from $1,350.00 to $1,325.00 and set a “buy” rating for the company in a report on Tuesday, February 5th. Three research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,320.24.

Shares of Alphabet stock traded down $16.38 during trading on Thursday, hitting $1,104.21. 1,663,553 shares of the stock were exchanged, compared to its average volume of 1,727,375. The firm has a market capitalization of $783.13 billion, a P/E ratio of 23.24, a P/E/G 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 3.89 and a current ratio of 3.92. Alphabet has a 12 month low of $977.66 and a 12 month high of $1,291.44.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Leavell Investment Management Inc. increased its holdings in shares of Alphabet by 3.8% in the 3rd quarter. Leavell Investment Management Inc. now owns 1,355 shares of the information services provider’s stock valued at $1,636,000 after purchasing an additional 50 shares during the period. Oakworth Capital Inc. increased 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 period. Regentatlantic Capital LLC increased its holdings in shares of Alphabet by 213.3% in the 3rd quarter. Regentatlantic Capital LLC now owns 7,074 shares of the information services provider’s stock valued at $8,539,000 after purchasing an additional 4,816 shares during the period. Iberiabank Corp increased 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 period. Finally, Commerce Bank increased its holdings in shares of Alphabet by 1.4% in the 3rd quarter. Commerce Bank now owns 94,560 shares of the information services provider’s stock valued at $114,141,000 after purchasing an additional 1,294 shares during the period. 33.33% of the stock is owned by institutional investors.

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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