Equities analysts predict that Alphabet Inc (NASDAQ:GOOGL) will post earnings per share of $12.72 for the current fiscal quarter, Zacks reports. Eleven analysts have issued estimates for Alphabet’s earnings, with the highest EPS estimate coming in at $15.14 and the lowest estimate coming in at $11.85. Alphabet reported earnings per share of $13.06 during the same quarter last year, which would indicate a negative year over year growth rate of 2.6%. The company is expected to announce its next quarterly earnings results on Thursday, October 24th.
According to Zacks, analysts expect that Alphabet will report full-year earnings of $49.65 per share for the current year, with EPS estimates ranging from $45.90 to $53.84. For the next fiscal year, analysts forecast that the firm will report earnings of $55.84 per share, with EPS estimates ranging from $50.65 to $62.54. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Alphabet.
Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping the consensus estimate of $11.49 by $2.72. The firm had revenue of $31.71 billion during the quarter, compared to the consensus estimate of $30.90 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%.
NASDAQ:GOOGL traded up $9.89 during mid-day trading on Tuesday, hitting $1,179.21. 1,245,800 shares of the stock traded hands, compared to its average volume of 1,840,052. The business’s 50-day moving average price is $1,159.77 and its 200 day moving average price is $1,158.17. The company has a market cap of $810.80 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 1.29 and a beta of 0.97. Alphabet has a 12-month low of $977.66 and a 12-month high of $1,296.97. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07.
A number of institutional investors have recently made changes to their positions in the business. Litman Gregory Asset Management LLC bought a new stake in shares of Alphabet in the 2nd quarter worth approximately $37,000. Belvedere Advisors LLC bought a new stake in shares of Alphabet in the 1st quarter worth approximately $38,000. Thor Advisors LLC bought a new stake in shares of Alphabet in the 1st quarter worth approximately $45,000. Lipe & Dalton bought a new stake in shares of Alphabet in the 2nd quarter worth approximately $49,000. Finally, Johnson Financial Group Inc. lifted its holdings in shares of Alphabet by 26.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 48 shares of the information services provider’s stock worth $52,000 after acquiring an additional 10 shares during the last quarter. Institutional investors and hedge funds own 33.96% of the company’s stock.
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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