Alphabet FY2027 Earnings Forecast Raised by Erste Group Bank

Key Points

• Erste Group Bank raised Alphabet’s FY2027 EPS forecast slightly to $15.01 from $14.99, though this remains below the broader full-year consensus estimate of $20.54.
• Alphabet’s latest quarter exceeded expectations, with EPS of $9.11 versus the $2.87 consensus and revenue of $119.80 billion, up 24.2% year over year.
• Analyst sentiment remains favorable: Alphabet has a consensus “Buy” rating and a $421.95 price target, supported by strong Cloud and AI prospects, though the company faces legal and regulatory risks tied to its AI products and Search changes.

Alphabet Inc. (NASDAQ:GOOG - Free Report) - Analysts at Erste Group Bank boosted their FY2027 earnings per share estimates for Alphabet in a research note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now forecasts that the information services provider will post earnings per share of $15.01 for the year, up from their prior estimate of $14.99. The consensus estimate for Alphabet's current full-year earnings is $20.54 per share.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. During the same quarter last year, the company earned $2.31 earnings per share. The company's quarterly revenue was up 24.2% on a year-over-year basis.

A number of other research firms have also recently commented on GOOG. Rosenblatt Securities initiated coverage on shares of Alphabet in a research note on Thursday, August 20th. They issued a "buy" rating for the company. Truist Financial cut their price target on shares of Alphabet from $430.00 to $420.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Citigroup reaffirmed a "market outperform" rating on shares of Alphabet in a report on Friday. Freedom Capital raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, Oppenheimer reiterated an "outperform" rating and set a $400.00 price objective (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $421.95.

Alphabet Stock Performance

GOOG opened at $348.97 on Tuesday. The company has a market cap of $4.27 trillion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 1.01 and a beta of 1.19. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm's 50-day moving average price is $342.49 and its 200-day moving average price is $347.52. Alphabet has a 52-week low of $240.75 and a 52-week high of $404.47.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Insider Transactions at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 441,399 shares of company stock worth $8,677,053 over the last three months. 12.99% of the stock is currently owned by insiders.

Institutional Trading of Alphabet

Institutional investors and hedge funds have recently bought and sold shares of the business. NorthCrest Asset Manangement LLC increased its stake in shares of Alphabet by 95.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 94,364 shares of the information services provider's stock worth $32,542,000 after acquiring an additional 46,060 shares during the period. Consolidated Capital Management LLC raised its holdings in shares of Alphabet by 6.1% during the third quarter. Consolidated Capital Management LLC now owns 4,354 shares of the information services provider's stock worth $1,484,000 after purchasing an additional 251 shares during the last quarter. Integrated Financial Solutions Inc. lifted its position in Alphabet by 6.2% during the third quarter. Integrated Financial Solutions Inc. now owns 721 shares of the information services provider's stock valued at $246,000 after purchasing an additional 42 shares during the period. Sacks & Associates LLC acquired a new position in Alphabet during the third quarter valued at $1,247,000. Finally, HF Advisory Group LLC lifted its position in Alphabet by 10.2% during the third quarter. HF Advisory Group LLC now owns 20,554 shares of the information services provider's stock valued at $7,004,000 after purchasing an additional 1,897 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts and financial commentators remain constructive on Alphabet’s long-term outlook, citing Google Cloud’s rapid growth, a reported $514 billion backlog and expanding AI Mode adoption. Some forecasts point to meaningful upside over the next 12 months and through 2030. Wall Street analysts update Google stock price target
• Positive Sentiment: Alphabet and Constellation reportedly signed a 3.59-gigawatt nuclear power agreement. The deal supports Alphabet’s ability to secure reliable electricity for energy-intensive AI data centers and highlights growing demand for nuclear power across the technology sector. Google and Constellation nuclear deal
• Positive Sentiment: New consumer-health initiatives—including partnerships with Flo Health and Function Health—and the $180 Fitbit Edge could broaden Alphabet’s ecosystem, increase engagement and create additional data and services opportunities beyond advertising. Alphabet Flo Health partnership
• Neutral Sentiment: Waymo reportedly raised $5 billion in private credit, providing additional funding for its robotaxi expansion. The financing could accelerate growth but also underscores the substantial capital requirements of Alphabet’s autonomous-driving business. Waymo borrowing
• Negative Sentiment: Several law firms publicized a securities-fraud class action against Alphabet, alleging the company misrepresented progress on its Gemini 3.5 Pro model, including coding and training-data setbacks. The allegations relate to a reported 4% share-price decline and are not proven; multiple firms cited December 1, 2026 lead-plaintiff deadlines, while one notice cited November 30. Alphabet AI issues securities lawsuit
• Negative Sentiment: Reach PLC reported a sharp decline in digital revenue as Google referrals weakened, offering a reminder that changes to Google Search and AI-generated answers may disrupt traffic-dependent publishers and attract scrutiny from the broader media ecosystem. Daily Mirror publisher Reach hit by Google traffic slump

About Alphabet

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet's chief executive officer and also leads Google.

Google is Alphabet's primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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