Alphabet Inc. (NASDAQ:GOOGL) – Research analysts at Jefferies Group issued their Q3 2017 EPS estimates for Alphabet in a report issued on Monday. Jefferies Group analyst B. Thill anticipates that the information services provider will earn $8.40 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $1,200.00 target price on the stock. Jefferies Group also issued estimates for Alphabet’s Q4 2017 earnings at $9.97 EPS, FY2017 earnings at $31.12 EPS and FY2018 earnings at $42.02 EPS.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing analysts’ consensus estimates of $8.25 by ($3.24). The firm had revenue of $20.92 billion during the quarter, compared to analysts’ expectations of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same period in the previous year, the company earned $8.42 earnings per share. ILLEGAL ACTIVITY WARNING: “Research Analysts Issue Forecasts for Alphabet Inc.’s Q3 2017 Earnings (GOOGL)” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/12/research-analysts-issue-forecasts-for-alphabet-inc-s-q3-2017-earnings-googl.html.

Other research analysts have also issued reports about the stock. B. Riley reiterated a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Sunday, July 30th. MKM Partners reiterated a “buy” rating and issued a $1,210.00 target price (up from $1,170.00) on shares of Alphabet in a research note on Thursday, August 10th. Cowen and Company reiterated an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a research note on Thursday, August 10th. Credit Suisse Group reiterated an “outperform” rating on shares of Alphabet in a research note on Wednesday. Finally, Vetr upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,053.55 target price on the stock in a research note on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,058.31.

Alphabet (NASDAQ GOOGL) opened at 1005.65 on Thursday. The stock has a market capitalization of $696.79 billion, a PE ratio of 36.45 and a beta of 0.96. The firm has a 50-day moving average of $953.18 and a 200-day moving average of $940.96. Alphabet has a 52-week low of $743.59 and a 52-week high of $1,008.61.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alta Capital Management LLC grew its holdings in Alphabet by 1.3% during the first quarter. Alta Capital Management LLC now owns 79,008 shares of the information services provider’s stock valued at $66,982,000 after purchasing an additional 1,001 shares during the period. Patriot Wealth Management Inc. grew its holdings in Alphabet by 2.6% during the first quarter. Patriot Wealth Management Inc. now owns 5,599 shares of the information services provider’s stock valued at $4,747,000 after purchasing an additional 141 shares during the period. Girard Partners LTD. grew its holdings in Alphabet by 10.7% during the first quarter. Girard Partners LTD. now owns 4,528 shares of the information services provider’s stock valued at $3,839,000 after purchasing an additional 439 shares during the period. Courier Capital LLC grew its holdings in Alphabet by 7.9% during the first quarter. Courier Capital LLC now owns 617 shares of the information services provider’s stock valued at $523,000 after purchasing an additional 45 shares during the period. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC grew its holdings in Alphabet by 11.0% during the first quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 1,736 shares of the information services provider’s stock valued at $1,471,000 after purchasing an additional 172 shares during the period. Hedge funds and other institutional investors own 33.85% of the company’s stock.

About Alphabet

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.

Earnings History and Estimates for Alphabet (NASDAQ:GOOGL)

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