Alphabet (GOOGL) Expected to Announce Quarterly Earnings on Wednesday

Alphabet (NASDAQ:GOOGL) is anticipated to announce its results after the market closes on Wednesday, October 28th. Analysts expect the company to announce earnings of $3.03 per share and revenue of $127.91 billion for the quarter.

Alphabet Stock Down 1.1%

Shares of NASDAQ GOOGL opened at $316.80 on Tuesday. The stock has a market capitalization of $3.87 trillion, a P/E ratio of 15.91, a PEG ratio of 0.92 and a beta of 1.21. The stock’s fifty day moving average is $342.94 and its 200 day moving average is $340.66. Alphabet has a 52 week low of $264.28 and a 52 week high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic’s IPO filing disclosed approximately $114.5 billion in non-cancelable cloud commitments with Alphabet. The agreements could provide significant long-term revenue visibility for Google Cloud, although investors will focus on whether the business can convert that demand into higher margins and free cash flow. Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: Google Cloud reportedly grew sharply and its backlog reached about $514 billion, while the Gemini app expanded to roughly 950 million monthly users. These figures support the view that cloud and AI could become increasingly important growth engines alongside Search. Alphabet Has $514 Billion in Cloud Orders
• Neutral Sentiment: Options traders expect a sizable move following the October 28 earnings report. The key issues will be Search growth, Google Cloud margins, AI monetization, capital-expenditure guidance, and free cash flow. Alphabet has historically had mixed next-day earnings reactions. Here’s How Much Traders See Google Parent Alphabet’s Stock Moving After Earnings
• Negative Sentiment: Investors remain wary that heavy AI infrastructure spending could pressure margins and free cash flow, as happened after the prior quarterly report. An analyst also reduced the price target ahead of earnings, adding to caution. Alphabet Stock Slips After Citizens Cuts Price Target
• Negative Sentiment: Several law firms publicized securities class actions alleging Alphabet misled investors during the May 19–July 16 period. The filings are largely investor-solicitation notices rather than new operating developments, but they add reputational and potential financial risk. Alphabet Securities Fraud Class Action Deadline

Insiders Place Their Bets

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 83 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the transaction, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 696 shares of company stock valued at $232,894 over the last 90 days. Corporate insiders own 11.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GOOGL shares. Pivotal Research reiterated a “buy” rating and set a $475.00 price objective (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. BMO Capital Markets restated an “outperform” rating and issued a $480.00 target price (up from $465.00) on shares of Alphabet in a research report on Tuesday, October 20th. Royal Bank Of Canada restated an “outperform” rating and issued a $425.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. KeyCorp cut their price target on shares of Alphabet from $435.00 to $410.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Thursday, October 15th. Five research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $425.04.

About Alphabet

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.