Several equities analysts have already expected that the stocks of GOOGL would be uploading an EPS of $15.50 for this quarter. According to a report, eleven analysts have already issued estimates into the earnings of the company with the estimates going in from $11.47 to $18.02. The EPS reported by the company during the previous year was $9.87, which indicates an annual growth rate of around 57%. The company will be updating its next quarterly report on the 27th of April.
The Quarterly Estimates of GOOGL
GOOGL did put up their previous quarterly results on the 1st of February. The provider of information services had posted an EPS of $22.30 for the quarter, which was more than the consensus estimate set at $15.90. The return on equity for the company during this period was 17.31% with a 20.80% net margin. The revenue generated by the company during this quarter was $46.43 billion, which was more than the consensus estimate of $44.09 billion.
There have been quite a few research equities that have commented on the stocks of GOOGL. JMP Securities has already increased the price target of $1,700 to $2,400 with a rating of outperform in a 3rd February research report. Stifel Nicolaus has also increased the price rating of the company from hold to buy with a price target increased from $2,025 to $2,350 in a 29th March research report.
Pivotal Research has also reaffirmed the rating of buy in a 3rd February research report. Piper Sandler has also increased the price target from $2,056 to $2,250 with a rating of overweight in a 3rd February research report.
One of the investment analysts has already given the company a rating of hold, while forty-four others gave the company a rating of buy. Currently, GOOGL has been issued with a buy rating and a $2,207.81 price target.
