Alphabet (GOOGL) Projected to Post Earnings on Tuesday

Alphabet (NASDAQ:GOOGL - Get Free Report) is expected to announce its Q4 2024 earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $2.12 per share and revenue of $96.67 billion for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. 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

NASDAQ GOOGL traded down $15.05 during midday trading on Wednesday, hitting $191.33. The company had a trading volume of 70,358,068 shares, compared to its average volume of 27,931,070. Alphabet has a fifty-two week low of $130.66 and a fifty-two week high of $207.05. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.34 trillion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 1.31 and a beta of 0.99. The firm has a fifty day simple moving average of $190.39 and a two-hundred day simple moving average of $174.40.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of research reports. Robert W. Baird restated an "outperform" rating and set a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. Cantor Fitzgerald decreased their price target on Alphabet from $215.00 to $210.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 22nd. Loop Capital lifted their price objective on Alphabet from $170.00 to $185.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Bank of America restated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Finally, Pivotal Research lifted their price target on shares of Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $210.95.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 1,500 shares of the business's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the sale, the director now owns 21,824 shares of the company's stock, valued at $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 1,340 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 100,029 shares of company stock valued at $18,462,883. 11.55% of the stock is owned by corporate insiders.

About Alphabet

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.