Quite a few analysts have predicted the stocks of GOOGL to post a sales sum of $46.17 billion for the current quarter. According to a report, twelve of the investment analysts have already provided estimates into the earnings of the company. The lowest range of sales has come in at $41.13 billion, with the highest estimate coming in at $48.09 billion.
The sales posted by the company during the previous year were $31.60 billion, which indicates an annual growth rate of 46.1%. The company will be posting its next quarterly results on the 29th of July.
The Quarterly Estimates Of GOOGL
The stocks of GOOGL announced their quarterly data on the 26th of April. The provider of information services reported an EPS of $26.29 for the quarter, which was more than the consensus estimate of $15.82. The net margin for the company was 26.11%, with a return on equity of 23.54%.
There have been quite a few research equities that have commented on the stocks of GOOGL. Susquehanna Bancshares has already increased the price target of the company from $3,000 to $3,100 with a rating of positive in a 28th April research report. Loop Capital has also increased the price rating of the company from hold to buy with a price target of $2,525 in a 16th February research note.
BMO Capital Markets has also increased the price target of the company from $2,350 to $2,600 with a rating of outperform in a 29th April research report. Exane BNP Paribas has also provided the company with a rating of outperform in a 22nd April research report.
Two of the investment analysts covering the firm have given it a rating of hold, while forty-one others have provided the company with a rating of buy. Currently, GOOGL has a buy rating with a $2,504.76 price target.
