Q1 2022 Earnings Estimate for Alphabet Inc. (NASDAQ:GOOGL) Issued By KeyCorp

Alphabet Inc. (NASDAQ:GOOGLGet Rating) – Equities researchers at KeyCorp lifted their Q1 2022 EPS estimates for Alphabet in a report released on Tuesday, April 19th. KeyCorp analyst J. Patterson now anticipates that the information services provider will post earnings of $24.17 per share for the quarter, up from their prior estimate of $22.90. KeyCorp currently has a “Overweight” rating and a $3,075.00 target price on the stock. KeyCorp also issued estimates for Alphabet’s Q2 2022 earnings at $24.71 EPS, Q3 2022 earnings at $27.13 EPS, Q4 2022 earnings at $38.16 EPS and FY2022 earnings at $114.09 EPS.

Several other research firms have also weighed in on GOOGL. Wedbush reissued an “outperform” rating on shares of Alphabet in a research note on Wednesday. Piper Sandler raised their price objective on Alphabet from $3,150.00 to $3,475.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 2nd. Wolfe Research raised their target price on Alphabet from $3,400.00 to $3,600.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 2nd. Jefferies Financial Group began coverage on Alphabet in a research report on Thursday. They issued a “buy” rating and a $3,600.00 target price for the company. Finally, Rosenblatt Securities began coverage on Alphabet in a research report on Tuesday. They issued a “buy” rating and a $4,183.00 target price for the company. Three analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $3,409.38.

Shares of NASDAQ GOOGL opened at $2,392.71 on Thursday. The stock has a fifty day moving average price of $2,666.97 and a two-hundred day moving average price of $2,782.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.91 and a current ratio of 2.93. The firm has a market cap of $1.58 trillion, a P/E ratio of 21.32, a PEG ratio of 1.10 and a beta of 1.06. Alphabet has a 1 year low of $2,193.62 and a 1 year high of $3,030.93.

Alphabet’s stock is scheduled to split on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly created shares will be payable to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings results on Tuesday, February 1st. The information services provider reported $30.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $26.69 by $4.00. The firm had revenue of $61.90 billion during the quarter, compared to analyst estimates of $59.32 billion. Alphabet had a return on equity of 31.56% and a net margin of 29.51%. During the same period last year, the company posted $22.30 EPS.

In other news, Director Lawrence Page sold 100 shares of Alphabet stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $2,574.16, for a total value of $257,416.00. Following the completion of the transaction, the director now owns 19,527,502 shares in the company, valued at $50,266,914,548.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brin Sergey sold 2,639 shares of the business’s stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $2,632.28, for a total transaction of $6,946,586.92. Following the completion of the transaction, the director now owns 18,599,842 shares of the company’s stock, valued at approximately $48,959,992,099.76. The disclosure for this sale can be found here. Insiders sold 549,698 shares of company stock valued at $20,324,689 in the last quarter. 11.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Strategic Asset Management LLC bought a new stake in shares of Alphabet during the 3rd quarter valued at $28,000. Morling Financial Advisors LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $29,000. West Bancorporation Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at $29,000. Wealthgate Family Office LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $32,000. Finally, Disciplined Investments LLC raised its position in shares of Alphabet by 200.0% during the 3rd quarter. Disciplined Investments LLC now owns 15 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 34.47% of the company’s stock.

About Alphabet (Get Rating)

Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Earnings History and Estimates for Alphabet (NASDAQ:GOOGL)

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