Alphabet (GOOG) Set to Announce Quarterly Earnings on Tuesday

Alphabet (NASDAQ:GOOG - Get Free Report) will be posting its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Alphabet to post earnings of $1.83 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04. The business had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $84.22 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business's quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 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

NASDAQ GOOG opened at $165.80 on Tuesday. The company has a market cap of $2.05 trillion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The stock's 50 day simple moving average is $163.21 and its 200-day simple moving average is $169.86. Alphabet has a 1-year low of $121.46 and a 1-year high of $193.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent research reports. UBS Group lowered their price objective on Alphabet from $204.00 to $187.00 and set a "neutral" rating on the stock in a research note on Monday, October 7th. Oppenheimer lowered their price objective on Alphabet from $210.00 to $185.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 25th. TD Cowen boosted their price objective on Alphabet from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, July 10th. Wolfe Research raised Alphabet to a "strong-buy" rating in a research note on Tuesday, July 16th. Finally, Pivotal Research initiated coverage on Alphabet in a research note on Tuesday, October 1st. They set a "buy" rating and a $215.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $186.90.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the sale, the chief executive officer now owns 2,106,806 shares in the company, valued at $350,361,837.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the business's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the sale, the chief executive officer now owns 2,106,806 shares in the company, valued at approximately $350,361,837.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the completion of the sale, the chief accounting officer now owns 29,183 shares in the company, valued at $4,927,257.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 220,426 shares of company stock worth $35,993,340 over the last quarter. 12.99% of the stock is currently owned by company 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.