Alphabet (NASDAQ:GOOGL – Get Free Report) is set to release its earnings data before the market opens on Tuesday, October 29th. Analysts expect Alphabet to post earnings of $1.83 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The firm had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $70.60 billion. During the same period in the previous year, the company earned $1.44 earnings per share. On average, analysts expect Alphabet to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Alphabet Price Performance
Shares of GOOGL opened at $164.07 on Tuesday. Alphabet has a 1-year low of $120.21 and a 1-year high of $191.75. The stock has a market cap of $2.03 trillion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a fifty day moving average price of $161.80 and a 200 day moving average price of $168.35.
Insiders Place Their Bets
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on GOOGL shares. Argus boosted their price target on shares of Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Wolfe Research assumed coverage on shares of Alphabet in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $240.00 price target for the company. TD Securities lifted their price objective on shares of Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th. Wedbush restated an “outperform” rating and issued a $205.00 price objective on shares of Alphabet in a research note on Thursday, September 5th. Finally, Truist Financial lifted their price objective on shares of Alphabet from $196.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Eight equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $201.76.
Check Out Our Latest Analysis on Alphabet
About Alphabet
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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