Equities analysts expect that Alphabet Inc (NASDAQ:GOOGL) will report sales of $25.65 billion for the current fiscal quarter, Zacks reports. Twelve analysts have made estimates for Alphabet’s earnings, with the lowest sales estimate coming in at $25.28 billion and the highest estimate coming in at $26.36 billion. Alphabet reported sales of $21.22 billion during the same quarter last year, which would suggest a positive year over year growth rate of 20.9%. The firm is scheduled to report its next earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Alphabet will report full year sales of $25.65 billion for the current year, with estimates ranging from $88.59 billion to $89.67 billion. For the next fiscal year, analysts expect that the firm will report sales of $105.47 billion per share, with estimates ranging from $102.63 billion to $107.44 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Alphabet.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The business had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same quarter in the previous year, the firm earned $9.06 earnings per share.

A number of research firms recently commented on GOOGL. Vetr raised shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 price objective on the stock in a report on Monday, November 6th. Pivotal Research reissued a “hold” rating and set a $990.00 price objective on shares of Alphabet in a report on Sunday, October 29th. Stifel Nicolaus boosted their price objective on shares of Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Citigroup restated a “buy” rating on shares of Alphabet in a research report on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,157.00 target price for the company in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,089.17.

Alphabet (GOOGL) traded up $6.08 during mid-day trading on Friday, reaching $1,057.47. 1,547,900 shares of the company were exchanged, compared to its average volume of 1,626,630. The stock has a market capitalization of $730,506.88, a P/E ratio of 35.20, a P/E/G ratio of 1.77 and a beta of 0.89. Alphabet has a 52-week low of $789.62 and a 52-week high of $1,080.00. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AustralianSuper Pty Ltd raised its holdings in Alphabet by 61.8% in the third quarter. AustralianSuper Pty Ltd now owns 118,100 shares of the information services provider’s stock valued at $114,996,000 after acquiring an additional 45,100 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Alphabet by 3.7% in the third quarter. Parametric Portfolio Associates LLC now owns 783,981 shares of the information services provider’s stock valued at $763,378,000 after acquiring an additional 27,989 shares in the last quarter. Shelton Capital Management raised its holdings in Alphabet by 7.6% in the third quarter. Shelton Capital Management now owns 24,828 shares of the information services provider’s stock valued at $24,176,000 after acquiring an additional 1,754 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Alphabet in the third quarter valued at $17,803,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Alphabet by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 214,898 shares of the information services provider’s stock valued at $209,250,000 after acquiring an additional 1,377 shares in the last quarter. Institutional investors own 33.62% of the company’s stock.

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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.

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Earnings History and Estimates for Alphabet (NASDAQ:GOOGL)

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