Zacks Research Has Strong Forecast for Alphabet Q1 Earnings

Key Points

• Zacks Research has raised its Q1 2027 EPS estimate for Alphabet to $2.87, up from $2.55, while the consensus for the full-year earnings is $8.90 per share.
• Alphabet's stock has shown strong performance, trading at $204.97 with a market cap of $2.48 trillion and a price-to-earnings ratio of 21.82.
• The company announced a quarterly dividend of $0.21 per share, with a payout ratio of 8.95%, reflecting its steady financial position.

Alphabet Inc. (NASDAQ:GOOGL - Free Report) - Research analysts at Zacks Research raised their Q1 2027 earnings per share (EPS) estimates for Alphabet in a research report issued on Wednesday, August 13th. Zacks Research analyst Team now anticipates that the information services provider will earn $2.87 per share for the quarter, up from their prior forecast of $2.55. The consensus estimate for Alphabet's current full-year earnings is $8.90 per share. Zacks Research also issued estimates for Alphabet's FY2027 earnings at $11.53 EPS.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.15 by $0.16. The company had revenue of $96,428,000 billion during the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada raised their price target on Alphabet from $200.00 to $220.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Truist Financial reissued a "buy" rating and issued a $200.00 target price on shares of Alphabet in a research note on Wednesday, July 2nd. Guggenheim lifted their price objective on Alphabet from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Tigress Financial lifted their price objective on Alphabet from $220.00 to $240.00 and gave the company a "strong-buy" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. boosted their price target on Alphabet from $200.00 to $232.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and a consensus price target of $211.53.

Alphabet Stock Performance

NASDAQ GOOGL traded up $2.03 on Friday, hitting $204.97. 11,268,191 shares of the stock traded hands, compared to its average volume of 36,513,121. The business's fifty day moving average is $183.65 and its two-hundred day moving average is $173.30. Alphabet has a 12 month low of $140.53 and a 12 month high of $207.05. The firm has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 21.82, a PEG ratio of 1.36 and a beta of 1.01. 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 Announces Dividend

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

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 23,820 shares of the company's stock in a transaction dated Monday, August 4th. The shares were 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 of the company's stock, valued at $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 600 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $203.79, for a total transaction of $122,274.00. Following the completion of the sale, the director directly owned 6,316 shares in the company, valued at $1,287,137.64. This trade represents a 8.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 274,819 shares of company stock worth $49,796,547 in the last ninety days. Corporate insiders own 11.64% of the company's stock.

Hedge Funds Weigh In On Alphabet

Several institutional investors and hedge funds have recently modified their holdings of GOOGL. Guardian Wealth Management Inc. raised its stake in Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock worth $26,000 after purchasing an additional 119 shares during the period. von Borstel & Associates Inc. acquired a new stake in shares of Alphabet in the first quarter worth $28,000. IMA Advisory Services Inc. acquired a new stake in shares of Alphabet in the first quarter worth $28,000. NBZ Investment Advisors LLC increased its position in shares of Alphabet by 85.7% in the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider's stock worth $30,000 after acquiring an additional 90 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Alphabet in the second quarter worth $31,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

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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