Brokers Set Expectations for Alphabet Inc Class A’s Q3 2018 Earnings (GOOGL)

Alphabet Inc Class A (NASDAQ:GOOGL) – Stock analysts at Wedbush issued their Q3 2018 EPS estimates for Alphabet Inc Class A in a research report issued to clients and investors on Wednesday, October 17th. Wedbush analyst M. Pachter expects that the information services provider will earn $11.00 per share for the quarter. Wedbush currently has a “Outperform” rating and a $1,350.00 target price on the stock. Wedbush also issued estimates for Alphabet Inc Class A’s Q4 2018 earnings at $11.10 EPS, Q1 2019 earnings at $10.59 EPS, Q2 2019 earnings at $11.61 EPS, Q3 2019 earnings at $12.21 EPS, Q4 2019 earnings at $12.80 EPS and FY2019 earnings at $47.21 EPS.

A number of other brokerages also recently commented on GOOGL. Wells Fargo & Co reiterated an “outperform” rating and set a $1,400.00 price objective (up previously from $1,275.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. B. Riley lifted their price objective on Alphabet Inc Class A from $1,350.00 to $1,475.00 and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Barclays lifted their price objective on Alphabet Inc Class A from $1,250.00 to $1,350.00 and gave the stock an “overweight” rating in a research report on Friday, July 13th. Zacks Investment Research upgraded Alphabet Inc Class A from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $1,375.00 price objective (up previously from $1,330.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have given a buy rating to the company. Alphabet Inc Class A has a consensus rating of “Buy” and an average price target of $1,316.01.

Shares of Alphabet Inc Class A stock opened at $1,097.91 on Friday. Alphabet Inc Class A has a one year low of $977.08 and a one year high of $1,291.44. The company has a market cap of $784.74 billion, a P/E ratio of 34.26, a P/E/G ratio of 1.42 and a beta of 1.10. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the Zacks’ consensus estimate of $9.51 by $2.24. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. The firm had revenue of $26.24 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same quarter last year, the business posted $5.01 earnings per share.

A number of large investors have recently bought and sold shares of GOOGL. New England Research & Management Inc. grew its stake in Alphabet Inc Class A by 87.3% during the 2nd quarter. New England Research & Management Inc. now owns 751 shares of the information services provider’s stock worth $848,000 after purchasing an additional 350 shares in the last quarter. Pegasus Partners Ltd. lifted its holdings in Alphabet Inc Class A by 18.5% during the 2nd quarter. Pegasus Partners Ltd. now owns 468 shares of the information services provider’s stock worth $528,000 after buying an additional 73 shares during the last quarter. Swarthmore Group Inc. lifted its holdings in Alphabet Inc Class A by 6.3% during the 2nd quarter. Swarthmore Group Inc. now owns 8,050 shares of the information services provider’s stock worth $9,090,000 after buying an additional 475 shares during the last quarter. Windward Capital Management Co. CA lifted its holdings in Alphabet Inc Class A by 0.4% during the 2nd quarter. Windward Capital Management Co. CA now owns 19,540 shares of the information services provider’s stock worth $22,065,000 after buying an additional 71 shares during the last quarter. Finally, AustralianSuper Pty Ltd lifted its holdings in Alphabet Inc Class A by 7.6% during the 1st quarter. AustralianSuper Pty Ltd now owns 126,900 shares of the information services provider’s stock worth $131,613,000 after buying an additional 8,962 shares during the last quarter. Institutional investors own 33.53% of the company’s stock.

Alphabet Inc Class A Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Earnings History and Estimates for Alphabet Inc Class A (NASDAQ:GOOGL)

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