FY2027 EPS Estimates for Alphabet Increased by Analyst

Key Points

• Erste Group Bank raised Alphabet’s FY2027 EPS forecast to $14.88 from $14.74, although that remains below the broader current-year consensus estimate of $20.51.
• Analyst sentiment remains broadly positive: Alphabet has an average “Buy” rating and a consensus price target of $410.09, despite some firms recently lowering their targets.
• Alphabet reported a strong latest quarter, with EPS of $9.11 versus a $2.87 consensus estimate and revenue of $119.80 billion, up 24.2% year over year; it also declared a quarterly dividend of $0.22 per share.

Alphabet Inc. (NASDAQ:GOOG - Free Report) - Research analysts at Erste Group Bank upped their FY2027 earnings per share (EPS) estimates for shares of Alphabet in a research note issued on Wednesday, August 5th. Erste Group Bank analyst H. Engel now forecasts that the information services provider will earn $14.88 per share for the year, up from their prior forecast of $14.74. The consensus estimate for Alphabet's current full-year earnings is $20.51 per share.

Several other equities analysts also recently weighed in on GOOG. Oppenheimer reiterated an "outperform" rating and issued a $400.00 target price (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a report on Thursday, May 21st. Rosenblatt Securities set a $393.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. UBS Group reissued a "neutral" rating and set a $379.00 target price (down from $400.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Wells Fargo & Company dropped their target price on Alphabet from $418.00 to $411.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Alphabet has an average rating of "Buy" and an average target price of $410.09.

Alphabet Price Performance

NASDAQ GOOG opened at $353.47 on Monday. 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 company has a market cap of $4.32 trillion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 0.99 and a beta of 1.23. Alphabet has a 52 week low of $197.46 and a 52 week high of $404.47. The firm's 50-day simple moving average is $353.94 and its two-hundred day simple moving average is $339.02.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. 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 company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. During the same quarter in the prior year, the company earned $2.31 EPS. The firm's quarterly revenue was up 24.2% compared to the same quarter last year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director directly owned 1,481 shares of the company's stock, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 600,547 shares of company stock valued at $16,255,540. 12.99% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alphabet

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in shares of Alphabet by 5.6% in the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock worth $22,901,000 after buying an additional 6,410 shares during the period. Worldquant Millennium Advisors LLC grew its holdings in Alphabet by 76.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock worth $330,886,000 after acquiring an additional 806,681 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Alphabet in the 2nd quarter worth $658,000. Financial Advisors Network Inc. increased its position in shares of Alphabet by 7.7% in the second quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider's stock valued at $1,409,000 after acquiring an additional 565 shares during the period. Finally, Ausdal Financial Partners Inc. increased its position in shares of Alphabet by 10.7% in the second quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider's stock valued at $6,618,000 after acquiring an additional 3,616 shares during the period. 27.26% of the stock is currently owned by institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Institutional buying remained supportive. State Street added an estimated 12.7 million shares of Alphabet’s Class A stock, while Mitsubishi UFJ, Lazard and Citizens Financial also increased their Alphabet positions in second-quarter 13F filings. State Street fund update
• Positive Sentiment: Alphabet’s AI and cloud businesses continue to show strong commercial momentum. Gemini reportedly reached 950 million monthly active users, Google Cloud revenue surged 82% in the second quarter, and its backlog reached $514 billion. A new multiyear, $100 million-plus Google Cloud agreement with AI lab Mirendil could add further demand for cloud infrastructure. Google AI and DeepMind report
• Neutral Sentiment: Alphabet is reorganizing its AI leadership. DeepMind chief Demis Hassabis is moving into a broader chief scientist role, while Chief Scientist Jeff Dean is departing after 27 years. The changes could improve long-term research focus but raise concerns about talent retention and execution. Google AI leadership report
• Negative Sentiment: Alphabet launched a roughly $25 billion, 10-part bond offering to finance expanded AI infrastructure spending. Strong demand—reportedly about $115 billion in orders—supports its credit profile, but investors remain concerned that rising capital expenditures and borrowing could reduce returns or increase financial risk. Alphabet bond offering report
• Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” adding to valuation and near-term sentiment pressure. Separately, several investment managers—including Mawer, First Eagle, Diamond Hill and SCS Capital—reported reductions in Alphabet holdings. Zacks Research
• Negative Sentiment: Alphabet’s planned $15 billion India data-center project faces opposition over water use and wildlife concerns, creating potential regulatory and development hurdles for its infrastructure expansion. Google India data center report

Alphabet Company Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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