Alphabet Inc. (NASDAQ:GOOGL) Forecasted to Post Q1 2021 Earnings of $17.49 Per Share

Alphabet Inc. (NASDAQ:GOOGL) – Research analysts at KeyCorp dropped their Q1 2021 earnings estimates for shares of Alphabet in a research report issued on Monday, April 19th. KeyCorp analyst J. Patterson now anticipates that the information services provider will earn $17.49 per share for the quarter, down from their previous estimate of $18.59. KeyCorp has a “Overweight” rating and a $2,625.00 price objective on the stock. KeyCorp also issued estimates for Alphabet’s Q2 2021 earnings at $17.33 EPS.

A number of other equities research analysts have also recently weighed in on the stock. Credit Suisse Group upped their price objective on shares of Alphabet from $2,000.00 to $2,360.00 and gave the stock an “outperform” rating in a report on Wednesday, February 3rd. Mizuho increased their price target on shares of Alphabet from $2,350.00 to $2,600.00 and gave the company a “buy” rating in a report on Monday. Cowen reiterated an “outperform” rating on shares of Alphabet in a report on Wednesday, February 3rd. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $2,330.00 price target on the stock in a report on Tuesday, April 6th. Finally, Truist increased their price objective on shares of Alphabet from $2,000.00 to $2,100.00 in a research report on Monday, February 1st. One equities research analyst has rated the stock with a hold rating and forty-two have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $2,184.24.

Shares of GOOGL opened at $2,252.52 on Wednesday. The stock has a market cap of $1.52 trillion, a PE ratio of 43.53, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.39 and a current ratio of 3.41. Alphabet has a fifty-two week low of $1,230.38 and a fifty-two week high of $2,304.09. The firm’s 50-day simple moving average is $2,126.61 and its two-hundred day simple moving average is $1,874.03.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, February 1st. The information services provider reported $22.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.90 by $6.40. The company had revenue of $46.43 billion for the quarter, compared to analysts’ expectations of $44.09 billion. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. During the same quarter in the previous year, the company earned $15.35 earnings per share.

Large investors have recently added to or reduced their stakes in the business. Kinloch Capital LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at $28,000. Resolute Partners Group purchased a new stake in shares of Alphabet in the 4th quarter valued at $28,000. ForthRight Wealth Management LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at $32,000. Cowa LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at $38,000. Finally, Cypress Point Wealth Management LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at $39,000. 33.79% of the stock is currently owned by institutional investors.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

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Earnings History and Estimates for Alphabet (NASDAQ:GOOGL)

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