Alphabet (GOOG) Expected to Announce Earnings on Tuesday

Alphabet (NASDAQ:GOOG) is expected to report its earnings results early on Tuesday, February 4th, before the markets open. Analysts predict that the tech giant will reveal earnings of $2.12 per share and generate a revenue of approximately $96.66 billion for the quarter. Interested investors can sign up for the company's conference call through a provided link.

In its most recent earnings report, which was disclosed on October 29th, Alphabet shared that it earned $2.12 per share, surpassing the consensus estimate of $1.83 by $0.29. The company achieved a return on equity of 31.66% and a net margin of 27.74%. Its revenue during that quarter was $88.27 billion, outpacing the estimate of $86.39 billion. In comparison to the same period a year prior, Alphabet's earnings per share increased from $1.55, and the firm's revenue reflected a year-over-year growth of 15.1%. Analysts predict Alphabet will post an average of $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Alphabet Stock Performance

On the trading day preceding the earnings announcement, Alphabet's stock opened at $193.64. The company maintains a low debt-to-equity ratio of 0.04 and it holds a current ratio of 1.95. The stock market capitalization stands at $2.37 trillion, with a price-to-earnings ratio of 25.68 and a PEG ratio of 1.27. The stock has experienced a 50-day moving average at $187.95 and a 200-day moving average at $175.08. Over the past year, Alphabet's stock has reached a low of $131.55 and a high of $203.84.

Analysts' Expectations

Several equity analysts have provided commentary on Alphabet's stock recently. Seaport Res Ptn upgraded Alphabet from a “hold” to a “strong-buy” rating. Pivotal Research raised its price target for Alphabet from $215.00 to $225.00 and maintained a “buy” rating. However, Citizens Jmp downgraded Alphabet from a “strong-buy” to a “hold” rating as of January 2nd. UBS Group increased its target price from $187.00 to $192.00 with a “neutral” rating, while Wells Fargo & Company raised its price target to $187.00, giving it an “equal weight” rating. Overall, six analysts rate the stock as hold, twelve assign a buy rating, and three label it as a strong buy. According to MarketBeat.com, Alphabet's average rating is “Moderate Buy” with a consensus price target of $205.13.

Recent Insider Activity

In recent news related to insider transactions, CAO Amie Thuener O’toole sold 1,367 shares on November 1st at an average price of $171.42, totaling $234,331.14. Post-transaction, she possesses 26,349 shares valued at approximately $4.52 million. Additionally, Director Frances Arnold sold 441 shares on November 4th at an average price of $171.06 for $75,437.46. This sale decreased her holdings to 16,490 shares, worth around $2.82 million. Over the last three months, insiders sold a total of 133,387 shares worth $24.37 million, with insiders holding 12.99% of the stock currently.

About Alphabet Inc.

Alphabet Inc. is a diverse technology conglomerate headquartered in the United States. It has operations across several regions including Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company's structure includes three segments: Google Services, Google Cloud, and Other Bets. Google Services entails a range of products and services such as advertisements, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Alphabet, Earnings, Stocks