Brokerages forecast that Alphabet Inc (NASDAQ:GOOGL) will post $9.69 earnings per share for the current quarter, Zacks reports. Eleven analysts have issued estimates for Alphabet’s earnings. The highest EPS estimate is $12.36 and the lowest is $8.81. Alphabet posted earnings of $7.73 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 25.4%. The company is scheduled to issue its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that Alphabet will report full-year earnings of $41.84 per share for the current fiscal year, with EPS estimates ranging from $39.51 to $49.50. For the next year, analysts forecast that the company will post earnings of $50.34 per share, with EPS estimates ranging from $46.26 to $62.13. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Alphabet.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.12 by ($0.42). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The firm had revenue of $25.87 billion during the quarter, compared to analyst estimates of $25.65 billion.

A number of equities analysts recently weighed in on the stock. Vetr lowered shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,241.78 target price for the company. in a research note on Thursday. MKM Partners reaffirmed a “buy” rating and issued a $1,355.00 target price (up from $1,210.00) on shares of Alphabet in a research note on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Alphabet in a research note on Thursday, February 1st. Argus upped their target price on shares of Alphabet to $1,300.00 in a research note on Monday, February 5th. Finally, Aegis reaffirmed a “buy” rating and issued a $1,350.00 target price on shares of Alphabet in a research note on Sunday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $1,161.00.

A number of institutional investors have recently added to or reduced their stakes in GOOGL. Rehmann Capital Advisory Group boosted its position in Alphabet by 4.1% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,559 shares of the information services provider’s stock valued at $1,642,000 after buying an additional 61 shares in the last quarter. KCM Investment Advisors LLC boosted its position in Alphabet by 0.8% in the fourth quarter. KCM Investment Advisors LLC now owns 10,076 shares of the information services provider’s stock valued at $10,614,000 after buying an additional 82 shares in the last quarter. Colonial Trust Advisors boosted its position in Alphabet by 35.9% in the fourth quarter. Colonial Trust Advisors now owns 7,295 shares of the information services provider’s stock valued at $7,684,000 after buying an additional 1,926 shares in the last quarter. Penbrook Management LLC acquired a new stake in Alphabet in the fourth quarter valued at approximately $2,267,000. Finally, Xact Kapitalforvaltning AB boosted its position in Alphabet by 7.9% in the fourth quarter. Xact Kapitalforvaltning AB now owns 54,188 shares of the information services provider’s stock valued at $57,082,000 after buying an additional 3,972 shares in the last quarter. 33.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alphabet (NASDAQ:GOOGL) traded up $10.16 during midday trading on Monday, reaching $1,113.75. 2,073,900 shares of the company were exchanged, compared to its average volume of 2,098,831. The firm has a market cap of $778,040.00, a price-to-earnings ratio of 34.92, a PEG ratio of 1.14 and a beta of 0.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14. Alphabet has a 12-month low of $824.30 and a 12-month high of $1,198.00.

Alphabet declared that its board has authorized a stock buyback plan on Thursday, February 1st that authorizes the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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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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