Alphabet Inc. (GOOGL) to Release Quarterly Earnings on Monday
Alphabet Inc. (NASDAQ:GOOGL) is set to release its earnings data after the market closes on Monday, July 24th. Analysts expect Alphabet to post earnings of $8.25 per share for the quarter.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 27th. The information services provider reported $7.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.24 by $0.49. The company had revenue of $20.12 billion for the quarter, compared to the consensus estimate of $19.65 billion. Alphabet had a return on equity of 15.16% and a net margin of 21.84%. During the same period in the previous year, the business earned $7.50 EPS. On average, analysts expect Alphabet to post $34.13 EPS for the current fiscal year and $40.84 EPS for the next fiscal year.
Alphabet Inc. (NASDAQ:GOOGL) opened at 976.91 on Monday. The firm has a market capitalization of $675.78 billion, a P/E ratio of 33.01 and a beta of 1.00. Alphabet Inc. has a 52 week low of $734.64 and a 52 week high of $1,008.61. The stock has a 50 day moving average price of $972.78 and a 200-day moving average price of $880.30.
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GOOGL has been the subject of a number of analyst reports. Pacific Crest reiterated an “overweight” rating and set a $1,040.00 target price on shares of Alphabet in a report on Sunday, April 23rd. Susquehanna Bancshares Inc restated a “positive” rating and issued a $1,000.00 price objective on shares of Alphabet in a report on Sunday, March 19th. BMO Capital Markets restated an “outperform” rating and issued a $1,005.00 price objective on shares of Alphabet in a report on Monday, March 27th. Barclays PLC assumed coverage on shares of Alphabet in a report on Tuesday, March 28th. They issued an “overweight” rating and a $1,065.00 price objective for the company. Finally, Bank of America Corporation restated a “buy” rating and issued a $1,025.00 price objective on shares of Alphabet in a report on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and forty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $1,016.61.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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