Alphabet (GOOGL) Scheduled to Post Quarterly Earnings on Tuesday

Alphabet (NASDAQ:GOOGL - Get Free Report) will announce its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.83 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.04. The company had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period in the prior year, the company 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

Shares of Alphabet stock opened at $164.07 on Tuesday. The business's fifty day simple moving average is $161.80 and its 200 day simple moving average is $168.35. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet has a 12 month low of $120.21 and a 12 month high of $191.75. The firm has a market capitalization of $2.03 trillion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GOOGL shares. Bank of America boosted their price target on shares of Alphabet from $200.00 to $206.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. Rosenblatt Securities reissued a "neutral" rating and set a $181.00 target price on shares of Alphabet in a research report on Wednesday, July 24th. Morgan Stanley lowered their price target on shares of Alphabet from $205.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, September 3rd. Tigress Financial upped their price objective on Alphabet from $210.00 to $220.00 and gave the company a "strong-buy" rating in a research note on Thursday, September 26th. Finally, Guggenheim raised their target price on Alphabet from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $201.76.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O'toole sold 1,367 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the transaction, the chief accounting officer now directly owns 29,183 shares of the company's stock, valued at approximately $4,927,257.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total value of $3,772,350.00. Following the completion of the sale, the chief executive officer now directly owns 2,159,885 shares of the company's stock, valued at $362,126,319.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 1,367 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the transaction, the chief accounting officer now directly owns 29,183 shares in the company, valued at $4,927,257.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 220,426 shares of company stock valued at $35,993,340 over the last 90 days. 11.55% of the stock is owned by insiders.

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.