Earnings of $8.17 Expected For Alphabet Inc (NASDAQ:GOOGL)

Sell-side Wall Street brokerage firms are projecting that Alphabet Inc (NASDAQ:GOOGL) will post earnings of $7.24 per share when the company releases their quarterly report today. 

Most recently Alphabet Inc (NASDAQ:GOOGL) reported a surprise factor of 6.77%. The actual number was $0.49 away from the Zacks consensus just prior to the actual release. A significant surprise factor can lead to stock swings in the price in the hours and days following the earnings report.

Projected Stock Movement
Research analysts covering shares of Alphabet Inc (NASDAQ:GOOGL) are anticipating on a consensus basis that the stock will reach $1044.142 within the next 52 weeks. Of the analysts providing short term targets, the most bullish analyst has a $1250 target on the stock. On the other end, the most conservative has a short term target of $880. This is based on the 28 analysts taken into consideration by Zacks. The consensus price target was last revised on 2017-07-20.

Zacks also provides a simplified scale for analyst recommendations. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. Alphabet Inc (NASDAQ:GOOGL) currently has an ABR of 1.34 heading into today’s announcement. This number is also based on the 28 sell-side firms polled by Zacks.

Some stock market investors may abide to the saying, nothing ventured nothing gained. Others may operate by following the saying slow and steady wins the race. The correct move for one investor may not be the same for another. Some may choose to go all in, while others may look to reduce risk with stable long-term staple companies. Active equity investors may be forced to make hard decisions at some point, but working hard and being prepared may prove to be a portfolio booster. Dedicated investors are often willing to put in the extra hours in order to make sure no stone is left unturned.

This article is informational purposes only and should not be considered a recommendation to buy or sell Alphabet Inc. 

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