Zacks Research Brokers Raise Earnings Estimates for Alphabet

Key Points

• Zacks Research has raised its Q1 2027 earnings per share estimate for Alphabet to $2.87, an increase from the prior estimate of $2.55, with a full-year consensus forecast of $8.89 per share.
• The stock of Alphabet has recently traded up to $205.95, closing in on its 12-month high of $208.70, indicating a potential bull run.
• Alphabet has announced a quarterly dividend of $0.21 per share, with a dividend yield of 0.4%, to be paid on September 15th to stockholders of record on September 8th.

Alphabet Inc. (NASDAQ:GOOG - Free Report) - Equities researchers at Zacks Research boosted their Q1 2027 earnings per share (EPS) estimates for Alphabet in a report issued on Wednesday, August 13th. Zacks Research analyst Team now forecasts that the information services provider will post earnings per share of $2.87 for the quarter, up from their previous forecast of $2.55. The consensus estimate for Alphabet's current full-year earnings is $8.89 per share. Zacks Research also issued estimates for Alphabet's FY2027 earnings at $11.53 EPS.

GOOG has been the topic of several other research reports. Tigress Financial reissued a "strong-buy" rating on shares of Alphabet in a research note on Friday, May 2nd. Citigroup reissued a "sell" rating on shares of Alphabet in a research note on Wednesday, April 23rd. Barclays reaffirmed a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Alphabet in a research note on Wednesday, July 9th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus target price of $215.19.

Alphabet Stock Performance

Shares of NASDAQ GOOG traded up $2.13 during trading on Friday, hitting $205.95. The company had a trading volume of 7,440,489 shares, compared to its average volume of 23,906,832. The stock has a 50 day simple moving average of $184.61 and a 200 day simple moving average of $174.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet has a 12 month low of $142.66 and a 12 month high of $208.70. The firm has a market capitalization of $2.49 trillion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.19. The business had revenue of $96.43 billion for the quarter, compared to analysts' expectations of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. The business's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $1.89 earnings per share.

Hedge Funds Weigh In On Alphabet

Institutional investors have recently added to or reduced their stakes in the stock. Principia Wealth Advisory LLC boosted its holdings in Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new stake in Alphabet in the 1st quarter valued at approximately $26,000. IFS Advisors LLC boosted its holdings in Alphabet by 400.0% in the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider's stock valued at $27,000 after purchasing an additional 120 shares in the last quarter. Robbins Farley boosted its holdings in Alphabet by 60.0% in the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider's stock valued at $28,000 after purchasing an additional 60 shares in the last quarter. Finally, WestEnd Advisors LLC boosted its holdings in Alphabet by 58.7% in the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider's stock valued at $29,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 15,000 shares of Alphabet stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the sale, the director owned 240,400 shares in the company, valued at approximately $44,656,704. The trade was a 5.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the sale, the insider owned 42,999 shares in the company, valued at $8,371,905.30. This trade represents a 35.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 274,819 shares of company stock worth $49,796,547 over the last three months. 12.99% of the stock is currently owned by company insiders.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. Alphabet's payout ratio is 8.95%.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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