$8.39 EPS Expected for Alphabet Inc. (GOOGL) This Quarter

Equities research analysts predict that Alphabet Inc. (NASDAQ:GOOGL) will report $8.39 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Alphabet’s earnings, with the lowest EPS estimate coming in at $7.76 and the highest estimate coming in at $8.68. Alphabet posted earnings per share of $9.06 during the same quarter last year, which indicates a negative year over year growth rate of 7.4%. The business is expected to issue its next earnings results after the market closes on Thursday, October 26th.

On average, analysts expect that Alphabet will report full year earnings of $30.93 per share for the current financial year, with EPS estimates ranging from $29.75 to $32.85. For the next financial year, analysts anticipate that the company will post earnings of $40.55 per share, with EPS estimates ranging from $38.25 to $44.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Alphabet.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $8.25 by ($3.24). Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.83 billion. During the same quarter in the previous year, the business posted $8.42 earnings per share.

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $1,075.00 price target on shares of Alphabet in a research note on Monday, September 25th. UBS AG reissued a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a research note on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and issued a $1,200.00 price target on shares of Alphabet in a research note on Tuesday, October 10th. They noted that the move was a valuation call. Mizuho reissued a “buy” rating on shares of Alphabet in a research note on Tuesday. Finally, Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price target for the company. in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $1,058.98.

Shares of Alphabet (GOOGL) traded up 0.16% during mid-day trading on Tuesday, reaching $1011.00. The company’s stock had a trading volume of 1,012,998 shares. Alphabet has a 12 month low of $743.59 and a 12 month high of $1,014.76. The company’s 50-day moving average is $957.79 and its 200 day moving average is $944.04. The firm has a market cap of $700.50 billion, a price-to-earnings ratio of 36.64 and a beta of 0.96.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pure Financial Advisors Inc. grew its stake in shares of Alphabet by 0.4% in the 2nd quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock worth $258,000 after buying an additional 1 shares in the last quarter. Delta Asset Management LLC TN grew its stake in shares of Alphabet by 1.5% in the 1st quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after buying an additional 2 shares in the last quarter. Baystate Wealth Management LLC grew its stake in shares of Alphabet by 0.7% in the 2nd quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock worth $288,000 after buying an additional 2 shares in the last quarter. First Bank & Trust grew its stake in shares of Alphabet by 0.3% in the 2nd quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock worth $710,000 after buying an additional 2 shares in the last quarter. Finally, Fort Pitt Capital Group LLC grew its stake in shares of Alphabet by 0.3% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 723 shares of the information services provider’s stock worth $672,000 after buying an additional 2 shares in the last quarter. 33.82% of the stock is owned by institutional investors.

About Alphabet

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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Earnings History and Estimates for Alphabet (NASDAQ:GOOGL)

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