Alphabet Earnings Estimate

GOOGL Stock

USD 123.08 1.53 1.23%

Many public companies, such as Alphabet, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Alphabet's earnings estimates, investors can diagnose different trends across Alphabet's analyst sentiment over time as well as compare current estimates against different timeframes.

Alphabet is projected to generate 1.33 in earnings per share on the 30th of June 2023. Alphabet earnings estimates module stress-tests analyst consensus about projected Alphabet Inc Class EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Check out Risk vs Return Analysis to better understand how to build diversified portfolios.

Profit Margin is expected to rise to 0.24 this year, although the value of Gross Profit will most likely fall to about 126.6 B.

Profit Margin Gross Margin

Alphabet Earnings Estimation Breakdown

The calculation of earning per share of Alphabet Class is based on the official Zacks consensus of 12 analysts regarding Alphabet's future annual earnings. Given the historical accuracy of 81.58%, Alphabet's future earnings per share of Alphabet is estimated to be 1.33 with the lowest and highest values of 1.06 and 1.51, respectively. Please note that this consensus of annual earnings estimates for Alphabet Inc Class is an estimate of EPS before non-recurring items and includes employee stock options expenses

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Current EPS 4.54

1.06

Lowest

Expected EPS 1.33

1.51

Highest

Alphabet Earnings Projection Consensus

Suppose the current estimates of Alphabet's value are higher than the current market price of the Alphabet stock. In this case, investors may conclude that Alphabet is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Alphabet's stock will quickly adjusts to the new information provided by the consensus estimate.

Number of Analysts	Historical Accuracy	Current EPS	EPS Estimate for 30th of June 2023
12	81.58%	4.54	1.33

Alphabet Earnings History

Earnings estimate consensus by Alphabet Class analysts from Wall Street is used by the market to judge Alphabet's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Alphabet's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.

Alphabet Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

21.47 Billion

Price to Earnings Ratio is expected to rise to 22.39 this year, although the value of Accumulated Retained Earnings Deficit will most likely fall to about 172.9 B. Weighted Average Shares Diluted is expected to rise to about 16.1 B this year, although the value of Weighted Average Shares will most likely fall to about 12.5 B.

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Alphabet's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Alphabet in the context of predictive analytics.

Hype

Prediction

Low	Estimated	High
120.79	122.62	124.45

Details

Intrinsic

Valuation

Low	Real	High
110.81	133.67	135.50

Details

Naive

Forecast

Low	Next	High
118.65	120.48	122.32

Details

34 Analysts

Consensus

Low	Target	High
115.00	131.22	160.00

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alphabet. Your research has to be compared to or analyzed against Alphabet's peers to derive any actionable benefits. When done correctly, Alphabet's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Alphabet Class.

Note that many institutional investors and large investment bankers can move markets due to the volume of Alphabet assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Alphabet. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Alphabet's stock price in the short term.

Alphabet Earnings per Share Projection vs Actual

Actual Earning per Share of Alphabet refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Alphabet Inc Class predict the company's earnings will be in the future. The higher the earnings per share of Alphabet, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Alphabet Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Alphabet, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Alphabet should always be considered in relation to other companies to make a more educated investment decision.

Alphabet Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Alphabet's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.

Reported	Fiscal Date	Estimated EPS	Reported EPS	Surprise
2023-04-25	2023-03-31	1.07	1.17	0.1	9
2023-02-02	2022-12-31	1.18	1.05	-0.13	11
2022-10-25	2022-09-30	1.25	1.06	-0.19	15
2022-07-26	2022-06-30	1.28	1.21	-0.07	5
2022-04-26	2022-03-31	1.3	1.23	-0.07	5
2022-02-01	2021-12-31	1.37	1.53	0.16	11
2021-10-26	2021-09-30	1.17	1.4	0.23	19
2021-07-27	2021-06-30	0.97	1.36	0.39	40
2021-04-27	2021-03-31	0.79	1.31	0.52	65
2021-02-02	2020-12-31	0.8	1.12	0.32	40
2020-10-29	2020-09-30	0.56	0.82	0.26	46
2020-07-30	2020-06-30	0.41	0.51	0.1	24
2020-04-28	2020-03-31	0.5165	0.4935	-0.023	4
2020-02-03	2019-12-31	0.6265	0.7675	0.141	22
2019-10-28	2019-09-30	0.621	0.506	-0.115	18
2019-07-25	2019-06-30	0.565	0.7105	0.1455	25
2019-04-29	2019-03-31	0.5305	0.475	-0.0555	10
2019-02-04	2018-12-31	0.541	0.6385	0.0975	18
2018-10-25	2018-09-30	0.521	0.653	0.132	25
2018-07-23	2018-06-30	0.4795	0.227	-0.2525	52
2018-04-23	2018-03-31	0.464	0.6665	0.2025	43
2018-02-01	2017-12-31	0.499	0.485	-0.014	2
2017-10-26	2017-09-30	0.4165	0.4785	0.062	14
2017-07-24	2017-06-30	0.2245	0.2505	0.026	11
2017-04-27	2017-03-31	0.3695	0.3865	0.017	4
2017-01-26	2016-12-31	0.4825	0.468	-0.0145	3
2016-10-27	2016-09-30	0.4315	0.453	0.0215	4
2016-07-28	2016-06-30	0.402	0.421	0.019	4
2016-04-21	2016-03-31	0.3985	0.375	-0.0235	5
2016-02-01	2015-12-31	0.4055	0.4335	0.028	6
2015-10-22	2015-09-30	0.3605	0.3675	0.007	1
2015-07-16	2015-06-30	0.335	0.3495	0.0145	4
2015-04-23	2015-03-31	0.33	0.3285	-0.0015	0
2015-01-29	2014-12-31	0.3555	0.344	-0.0115	3
2014-10-16	2014-09-30	0.3265	0.3175	-0.009	2
2014-07-17	2014-06-30	0.312	0.304	-0.008	2
2014-04-16	2014-03-31	0.3205	0.3135	-0.007	2
2014-01-30	2013-12-31	0.305	0.3005	-0.0045	1
2013-10-17	2013-09-30	0.2585	0.2685	0.01	3
2013-07-18	2013-06-30	0.2695	0.239	-0.0305	11
2013-04-18	2013-03-31	0.2665	0.2895	0.023	8
2013-01-22	2012-12-31	0.2605	0.265	0.0045	1
2012-10-18	2012-09-30	0.2665	0.2255	-0.041	15
2012-07-19	2012-06-30	0.251	0.253	0.002	0
2012-04-12	2012-03-31	0.2415	0.252	0.0105	4
2012-01-19	2011-12-31	0.2625	0.2375	-0.025	9
2011-10-13	2011-09-30	0.2185	0.243	0.0245	11
2011-07-14	2011-06-30	0.1965	0.2185	0.022	11
2011-04-14	2011-03-31	0.2025	0.202	-0.0005	0
2011-01-20	2010-12-31	0.2025	0.219	0.0165	8
2010-10-14	2010-09-30	0.1675	0.191	0.0235	14
2010-07-15	2010-06-30	0.163	0.1615	-0.0015	0
2010-04-15	2010-03-31	0.165	0.169	0.004	2
2010-01-21	2009-12-31	0.162	0.17	0.008	4
2009-10-15	2009-09-30	0.1355	0.1475	0.012	8
2009-07-16	2009-06-30	0.127	0.134	0.007	5
2009-04-16	2009-03-31	0.123	0.129	0.006	4
2009-01-22	2008-12-31	0.124	0.1275	0.0035	2
2008-10-16	2008-09-30	0.1185	0.123	0.0045	3
2008-07-17	2008-06-30	0.1185	0.116	-0.0025	2
2008-04-17	2008-03-31	0.113	0.121	0.008	7
2008-01-31	2007-12-31	0.111	0.111	0	0
2007-10-18	2007-09-30	0.0945	0.098	0.0035	3
2007-07-19	2007-06-30	0.09	0.089	-0.001	1
2007-04-19	2007-03-31	0.0825	0.092	0.0095	11
2007-01-31	2006-12-31	0.073	0.0795	0.0065	8
2006-10-19	2006-09-30	0.0605	0.0655	0.005	8
2006-07-20	2006-06-30	0.0555	0.0625	0.007	12
2006-04-20	2006-03-31	0.0495	0.0575	0.008	16
2006-01-31	2005-12-31	0.044	0.0385	-0.0055	12
2005-10-20	2005-09-30	0.034	0.038	0.004	11
2005-07-21	2005-06-30	0.0305	0.034	0.0035	11
2005-04-21	2005-03-31	0.023	0.0325	0.0095	41
2005-02-01	2004-12-31	0.0195	0.023	0.0035	17
2004-10-21	2004-09-30	0.014	0.0175	0.0035	25

About Alphabet Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Alphabet earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Alphabet estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Alphabet fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'

Please read more on our stock advisor page.

	Last Reported	Projected for 2023
Accumulated Retained Earnings Deficit	195.6 B	172.9 B
Earning Before Interest and Taxes EBIT	71.7 B	59 B
Earnings per Basic Share	4.59	3.69
Earnings per Diluted Share	4.56	3.66
Price to Earnings Ratio	19.22	22.39
Earnings Before Interest Taxes and Depreciation Amortization EBITDA	87.6 B	72.3 B
Earnings before Tax	71.3 B	58.7 B

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Our tools can tell you how much better you can do entering a position in Alphabet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Note that the Alphabet Class information on this page should be used as a complementary analysis to other Alphabet's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running Alphabet's price analysis, check to measure Alphabet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alphabet is operating at the current time. Most of Alphabet's value examination focuses on studying past and present price action to predict the probability of Alphabet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alphabet's price. Additionally, you may evaluate how the addition of Alphabet to your portfolios can decrease your overall portfolio volatility.

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Is Alphabet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alphabet. If investors know Alphabet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alphabet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.047)

Earnings Share

4.54

Revenue Per Share

21.965

Quarterly Revenue Growth

0.026

Return On Assets

0.1242

The market value of Alphabet Class is measured differently than its book value, which is the value of Alphabet that is recorded on the company's balance sheet. Investors also form their own opinion of Alphabet's value that differs from its market value or its book value, called intrinsic value, which is Alphabet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alphabet's market value can be influenced by many factors that don't directly affect Alphabet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Alphabet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alphabet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alphabet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Check out Risk vs Return Analysis to better understand how to build diversified portfolios.

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Alphabet Earnings Estimate

Alphabet Earnings Estimation Breakdown

Alphabet Earnings Projection Consensus

Alphabet Earnings History

Alphabet Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

21.47 Billion

Alphabet Earnings per Share Projection vs Actual

Alphabet Estimated Earnings per Share

Alphabet Quarterly Analyst Estimates and Surprise Metrics

About Alphabet Earnings Estimate

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