Alphabet (GOOGL) to Release Earnings on Tuesday

Alphabet (NASDAQ:GOOGL - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Alphabet to post earnings of $2.12 per share and revenue of $96.67 billion for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period last year, the company earned $1.55 earnings per share. On average, analysts expect Alphabet to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Alphabet Stock Performance

Shares of NASDAQ GOOGL traded up $3.15 during mid-day trading on Friday, hitting $204.02. The company had a trading volume of 20,630,602 shares, compared to its average volume of 24,387,775. The stock's 50-day moving average price is $188.19 and its 200-day moving average price is $174.03. The company has a market capitalization of $2.50 trillion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 1.26 and a beta of 0.98. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet has a 1 year low of $130.66 and a 1 year high of $205.48.

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Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. The trade was a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the transaction, the director now owns 21,824 shares in the company, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,630 shares of company stock worth $22,258,133 over the last three months. 11.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GOOGL. Piper Sandler reiterated an "overweight" rating and set a $210.00 price target (up previously from $200.00) on shares of Alphabet in a research report on Wednesday, October 30th. Scotiabank raised shares of Alphabet to a "strong-buy" rating in a research note on Friday, October 11th. Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Cantor Fitzgerald cut their target price on shares of Alphabet from $215.00 to $210.00 and set a "neutral" rating for the company in a research report on Wednesday, January 22nd. Finally, Sanford C. Bernstein raised their price target on Alphabet from $180.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.82.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.