Analysts forecast that Alphabet Inc (NASDAQ:GOOGL) will post $10.55 earnings per share for the current quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Alphabet’s earnings, with estimates ranging from $9.32 to $11.81. Alphabet posted earnings per share of $9.93 during the same quarter last year, which suggests a positive year-over-year growth rate of 6.2%. The business is expected to report its next earnings results on Monday, April 22nd.

On average, analysts expect that Alphabet will report full year earnings of $47.38 per share for the current financial year, with EPS estimates ranging from $42.31 to $51.00. For the next year, analysts anticipate that the business will post earnings of $55.71 per share, with EPS estimates ranging from $47.97 to $59.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Alphabet.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.08 by $1.69. The business had revenue of $31.84 billion during the quarter, compared to the consensus estimate of $31.28 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. During the same quarter in the prior year, the company earned $9.70 earnings per share.

GOOGL has been the subject of a number of research reports. Wedbush initiated coverage on Alphabet in a report on Wednesday, October 17th. They issued an “outperform” rating and a $1,350.00 price objective for the company. Jefferies Financial Group set a $1,200.00 price target on Alphabet and gave the company a “buy” rating in a report on Thursday, December 20th. Nomura restated an “outperform” rating on shares of Alphabet in a report on Wednesday, February 6th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,234.00 price target for the company in a report on Monday, January 28th. Finally, Wells Fargo & Co set a $1,300.00 price target on Alphabet and gave the company a “buy” rating in a report on Tuesday, February 5th. Three equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. Alphabet currently has an average rating of “Buy” and a consensus target price of $1,320.71.

GOOGL opened at $1,102.12 on Tuesday. The company has a quick ratio of 3.89, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $767.12 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 1.33 and a beta of 1.05. Alphabet has a 12-month low of $977.66 and a 12-month high of $1,291.44.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOOGL. Oregon Public Employees Retirement Fund boosted its position in Alphabet by 103,543.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,899,064 shares of the information services provider’s stock worth $53,000 after purchasing an additional 54,846,095 shares during the last quarter. BlackRock Inc. boosted its position in Alphabet by 0.7% in the second quarter. BlackRock Inc. now owns 18,861,236 shares of the information services provider’s stock worth $21,297,919,000 after purchasing an additional 128,040 shares during the last quarter. FMR LLC boosted its position in Alphabet by 5.5% in the third quarter. FMR LLC now owns 16,434,628 shares of the information services provider’s stock worth $19,837,909,000 after purchasing an additional 858,589 shares during the last quarter. Northern Trust Corp boosted its position in Alphabet by 0.8% in the second quarter. Northern Trust Corp now owns 3,677,525 shares of the information services provider’s stock worth $4,152,625,000 after purchasing an additional 28,375 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Alphabet by 118,334.5% in the third quarter. Bank of New York Mellon Corp now owns 3,287,743 shares of the information services provider’s stock worth $3,968,570,000 after purchasing an additional 3,284,967 shares during the last quarter. Institutional investors own 41.25% of the company’s stock.

About Alphabet

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 (NASDAQ:GOOGL)

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