Oppenheimer Weighs in on Alphabet Inc Class A’s FY2018 Earnings (GOOGL)

Alphabet Inc Class A (NASDAQ:GOOGL) – Analysts at Oppenheimer issued their FY2018 earnings estimates for Alphabet Inc Class A in a report released on Sunday, October 28th. Oppenheimer analyst J. Helfstein anticipates that the information services provider will earn $46.88 per share for the year. Oppenheimer also issued estimates for Alphabet Inc Class A’s Q1 2019 earnings at $11.85 EPS, Q2 2019 earnings at $12.46 EPS, Q4 2019 earnings at $15.19 EPS and FY2020 earnings at $63.59 EPS.

A number of other equities research analysts have also weighed in on GOOGL. Nomura started coverage on Alphabet Inc Class A in a research report on Tuesday, July 10th. They set a “buy” rating and a $1,400.00 price objective on the stock. Barclays boosted their price objective on Alphabet Inc Class A from $1,250.00 to $1,350.00 and gave the stock an “overweight” rating in a research report on Friday, July 13th. Credit Suisse Group restated an “outperform” rating and set a $1,330.00 price objective (down previously from $1,350.00) on shares of Alphabet Inc Class A in a research report on Monday, July 16th. B. Riley restated a “buy” rating on shares of Alphabet Inc Class A in a research report on Monday, July 16th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $1,285.00 target price on shares of Alphabet Inc Class A in a report on Sunday, July 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have assigned a buy rating to the stock. Alphabet Inc Class A presently has an average rating of “Buy” and a consensus target price of $1,334.23.



Shares of GOOGL stock opened at $1,049.51 on Wednesday. The firm has a market cap of $754.23 billion, a P/E ratio of 32.75, a PEG ratio of 1.33 and a beta of 1.10. Alphabet Inc Class A has a twelve month low of $984.00 and a twelve month high of $1,291.44. 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 Inc Class A (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $10.54 by $2.52. The company had revenue of $27.16 billion for the quarter, compared to analyst estimates of $27.32 billion. Alphabet Inc Class A had a return on equity of 19.40% and a net margin of 14.45%.

Large investors have recently made changes to their positions in the company. HC Financial Advisors Inc. bought a new stake in Alphabet Inc Class A during the 4th quarter worth approximately $616,000. Commerce Bank increased its holdings in Alphabet Inc Class A by 3.3% during the 1st quarter. Commerce Bank now owns 91,182 shares of the information services provider’s stock worth $94,568,000 after purchasing an additional 2,943 shares in the last quarter. Argent Capital Management LLC increased its holdings in Alphabet Inc Class A by 0.5% during the 1st quarter. Argent Capital Management LLC now owns 88,373 shares of the information services provider’s stock worth $91,655,000 after purchasing an additional 483 shares in the last quarter. QCI Asset Management Inc. NY increased its holdings in Alphabet Inc Class A by 61.6% during the 1st quarter. QCI Asset Management Inc. NY now owns 362 shares of the information services provider’s stock worth $375,000 after purchasing an additional 138 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Alphabet Inc Class A by 1.0% during the 1st quarter. American Century Companies Inc. now owns 2,266,027 shares of the information services provider’s stock worth $2,350,187,000 after purchasing an additional 23,524 shares in the last quarter. 33.46% of the stock is currently owned by institutional investors.

About Alphabet Inc Class A

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 Inc Class A (NASDAQ:GOOGL)

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