Several research analysts have already expected that the stocks of GOOGL will be posting a sales sum of $46.17 billion for the quarter. According to a report, twelve different analysts have already provided estimates into the earnings of the company. The ball has been rolled at a sum of $41.13 billion, with the highest range coming in at $48.09 billion.
The company also reported a sales sum of $31.60 billion the previous year, which is indicative of an annual increase of 46.1%. The company will be putting up its next quarterly report on the 29th of July.
The Quarterly Reports Of GOOGL
GOOGL did previously update their quarterly data on the 26th of April. The provider of information services had reported an EPS of $26.29 for the quarter, which was more than the consensus estimate of $15.82. The return on equity for the company was 17.31%, with a net margin of 20.80%.
There have been quite a few research equities that have commented on the stocks of GOOGL. Argus has already increased the price target of the company from $2500 to $2800 with a rating of buy in a 5th May research report. William Blair has also put up a rating of “outperform” in a 2nd February research report. MKM Partners has also put up a rating of buy with a price target of $2,200 in a 3rd February research report. Truist has also increased the price target of the company from $2,250 to $2,400 in a 26th April research report.
Two of the investment analysts involved with the firm have given it a rating of hold, while forty-one others have issued it with a rating of buy. Currently, GOOGL has a buy rating with a $2,504.76 price target.
