Alphabet: Analysts Expect Q4 Net Income Of $18.9 Billion
Alphabet (NASDAQ: GOOGL) will be reporting their fiscal fourth quarter financial results on February 1st after market close. Analysts have a consensus $3,328.10 12-month price target on the company, via a total of 49 analysts, with 17 analysts having strong buy ratings.
30 analysts meanwhile have buy ratings and two analysts have hold ratings. The street high comes from Societe Generale with a $3,730 price target, and the lowest target sits at $2,250.
32 analysts have revenue estimates for the fourth quarter. The mean revenue estimate between all 32 analysts is $72.11 billion; this number has been revised upwards from $72 billion at the end of October. The highest revenue estimate is $75.05 billion, while the lowest is $68.68 billion.
Onto EBITDA estimates, there are currently 6 analysts who have fourth quarter EBITDA estimates. The mean is currently $29.37 billion, with this number having been revised upwards from $28.85 billion at the end of October. Street high is at $32.27 billion and the lowest is $27 billion.
Analysts expect net income to come in at $18.9 billion for the quarter, this is up from the $18.27 billion they had at the end of October. The street high sits at $21.47 billion while the lowest estimate comes in at $16.48 billion.
Analysts estimate that quarterly earnings per share will come in at $27.84, with this number being revised up from $27.04 at the end of October. The street high estimate is $31 and the lowest estimate is $23.03 per share for the quarter.
Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
