Alphabet (GOOGL) to Release Quarterly Earnings on Wednesday

Alphabet (NASDAQ:GOOGLGet Free Report) is expected to be issuing its results after the market closes on Wednesday, February 4th. Analysts expect the company to announce earnings of $2.59 per share and revenue of $111.2381 billion for the quarter.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. The firm had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. On average, analysts expect Alphabet to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $334.55 on Wednesday. Alphabet has a fifty-two week low of $140.53 and a fifty-two week high of $340.49. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market capitalization of $4.04 trillion, a price-to-earnings ratio of 32.99, a P/E/G ratio of 1.84 and a beta of 1.08. The firm’s 50 day simple moving average is $317.62 and its 200 day simple moving average is $262.87.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Arete Research increased their price target on Alphabet from $300.00 to $380.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. UBS Group reaffirmed a “neutral” rating and issued a $345.00 target price (up previously from $306.00) on shares of Alphabet in a research report on Tuesday, January 20th. Barclays restated an “overweight” rating and issued a $315.00 price target (up from $250.00) on shares of Alphabet in a research note on Thursday, October 30th. Daiwa Capital Markets lifted their price objective on shares of Alphabet from $233.00 to $333.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Mizuho set a $365.00 target price on Alphabet and gave the stock an “outperform” rating in a research note on Friday, January 9th. Four investment analysts have rated the stock with a Strong Buy rating, forty-two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $334.60.

View Our Latest Stock Report on GOOGL

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $312.30, for a total transaction of $867,569.40. Following the transaction, the chief accounting officer owned 8,962 shares in the company, valued at $2,798,832.60. This represents a 23.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $283.48, for a total transaction of $9,213,100.00. Following the completion of the sale, the chief executive officer owned 2,337,119 shares of the company’s stock, valued at approximately $662,526,494.12. The trade was a 1.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 222,409 shares of company stock valued at $68,564,532. 11.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alphabet

A number of hedge funds have recently added to or reduced their stakes in GOOGL. Wilkins Miller Wealth Management LLC raised its stake in Alphabet by 0.9% in the third quarter. Wilkins Miller Wealth Management LLC now owns 4,052 shares of the information services provider’s stock worth $985,000 after buying an additional 38 shares in the last quarter. Turim 21 Investimentos Ltda. increased its holdings in shares of Alphabet by 10.5% in the 3rd quarter. Turim 21 Investimentos Ltda. now owns 442 shares of the information services provider’s stock valued at $107,000 after acquiring an additional 42 shares during the period. Evernest Financial Advisors LLC increased its holdings in shares of Alphabet by 0.3% in the 3rd quarter. Evernest Financial Advisors LLC now owns 16,830 shares of the information services provider’s stock valued at $4,091,000 after acquiring an additional 44 shares during the period. USAdvisors Wealth Management LLC raised its position in shares of Alphabet by 1.8% in the 3rd quarter. USAdvisors Wealth Management LLC now owns 2,619 shares of the information services provider’s stock worth $636,000 after acquiring an additional 47 shares in the last quarter. Finally, Oakwell Private Wealth Management LLC lifted its stake in shares of Alphabet by 0.6% during the 3rd quarter. Oakwell Private Wealth Management LLC now owns 8,416 shares of the information services provider’s stock worth $2,046,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Company Profile

(Get Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

See Also

Earnings History for Alphabet (NASDAQ:GOOGL)

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