Alphabet (GOOGL) Expected to Announce Earnings on Wednesday

Key Points

• Alphabet to report earnings after the close on Wednesday, April 29, with analysts forecasting $2.62 EPS and $106.59 billion in revenue; in the prior quarter Alphabet beat expectations with $2.82 EPS and $113.83 billion in revenue.
• Positive momentum from AI infrastructure and Google Cloud — expansion of TPU/inference chip efforts and a Vodafone partnership have driven analyst target increases and a consensus price target of about $369.47.
• Alphabet pays a quarterly dividend of $0.21 (annualized $0.84, yield ~0.3%), while insiders have sold roughly 2.04 million shares in the last 90 days and institutional investors own about 40% of the stock.

Alphabet (NASDAQ:GOOGL - Get Free Report) is anticipated to release its results after the market closes on Wednesday, April 29th. Analysts expect Alphabet to post earnings of $2.62 per share and revenue of $106.5947 billion for the quarter.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion for the quarter, compared to analysts' expectations of $111.24 billion. On average, analysts expect Alphabet to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Alphabet Trading Down 1.5%

NASDAQ:GOOGL opened at $332.29 on Wednesday. The business's 50-day moving average is $307.36 and its two-hundred day moving average is $303.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet has a 12 month low of $147.84 and a 12 month high of $349.00. The firm has a market capitalization of $4.02 trillion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 2.08 and a beta of 1.12.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 7.77%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major analyst upward moves and reaffirmations bolster sentiment — UBS raised its target to $375 and other firms have lifted targets or reiterated buys, lending support to the stock's mid-term outlook. UBS Raises Alphabet's Target to $375
• Positive Sentiment: AI chip and TPU momentum: reports that Google is expanding its TPU/inference chip push and is in talks with Marvell to co-develop inference-focused chips strengthen Alphabet’s vertical integration in AI infrastructure, supporting Google Cloud’s competitiveness and long-term margin prospects. AI Infrastructure Story Is Getting Bigger for GOOGL
• Positive Sentiment: Commercial partnerships expand cloud reach — Vodafone will offer small-business cybersecurity and agentic AI via a strategic Google Cloud tie-up, which can broaden customer acquisition for Google Cloud in Europe. Vodafone offers small businesses cybersecurity, AI capability with Google tie-up
• Neutral Sentiment: Risk-on macro flows and crypto/tech rallies are boosting demand for big-cap tech general sentiment, which can help Alphabet, but these moves are market-driven and not company-specific. Bitcoin and Big Tech Rally as Risk Appetite Returns
• Neutral Sentiment: Longer-term security/crypto concerns: headlines about quantum threats to crypto (and Google's published research) are sector-level technical risks but unlikely to change Alphabet's near-term revenue profile. After Google, largest U.S. crypto exchange warns of quantum threat
• Negative Sentiment: Regulatory/legal cloud competition risk — a UK tribunal allowing a mass lawsuit that alleges Microsoft overcharged customers on rival clouds underscores that cloud pricing and licensing disputes can surface unexpectedly and increase scrutiny of hyperscaler economics (an adverse outcome could influence competitive dynamics). Microsoft must face $2.8 billion UK lawsuit over cloud computing licences
• Negative Sentiment: Advertising share pressure — forecasts that Meta may surpass Google in ad revenue this year highlight intensifying ad-market competition and could cap near-term ad-growth expectations for Alphabet. Meta Set To Surpass Google With $243 Billion In Ad Revenue

Wall Street Analyst Weigh In

Several research analysts have commented on the company. The Goldman Sachs Group reissued a "buy" rating and issued a $375.00 price objective (up from $330.00) on shares of Alphabet in a research report on Tuesday, January 13th. Raymond James Financial raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, January 22nd. Roth Mkm raised their price objective on Alphabet from $365.00 to $395.00 and gave the company a "buy" rating in a research report on Thursday, February 5th. KeyCorp raised their price objective on Alphabet from $370.00 to $380.00 and gave the company an "overweight" rating in a research report on Monday. Finally, UBS Group reissued a "neutral" rating and issued a $375.00 price objective (up from $348.00) on shares of Alphabet in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $369.47.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $303.41, for a total value of $318,580.50. Following the completion of the sale, the director directly owned 4,631 shares of the company's stock, valued at $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 47,574 shares of the business's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the sale, the insider directly owned 13,227 shares of the company's stock, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,037,294 shares of company stock valued at $94,216,897. Insiders own 11.55% of the company's stock.

Institutional Trading of Alphabet

Several hedge funds and other institutional investors have recently bought and sold shares of GOOGL. Norges Bank bought a new stake in Alphabet in the fourth quarter valued at about $30,534,239,000. Cardano Risk Management B.V. increased its holdings in Alphabet by 855.3% in the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider's stock valued at $4,546,413,000 after buying an additional 13,004,828 shares during the last quarter. Capital World Investors increased its holdings in Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after buying an additional 11,605,785 shares during the last quarter. Capital Research Global Investors increased its holdings in Alphabet by 15.7% in the third quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock valued at $12,333,076,000 after buying an additional 6,874,381 shares during the last quarter. Finally, Mizuho Markets Cayman LP increased its holdings in Alphabet by 23,402.1% in the third quarter. Mizuho Markets Cayman LP now owns 6,118,547 shares of the information services provider's stock valued at $1,487,419,000 after buying an additional 6,092,513 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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