Sunday, September 14, 2025

Latest

Alphabet: BMO Lowers Estimates Ahead Of Earnings Release Tomorrow

Alphabet (NASDAQ: GOOGL) announced that it will be reporting its quarterly financial results on October 26th, with its earnings call happening at 4:30 after the market closes. For the consensus estimates, 32 analysts expect Alphabet’s revenue to be $63.32 billion for the third quarter. Gross margins are expected to be 56.79% this quarter and net income is estimated to be $15.94 billion.

Alphabet currently has 49 analysts covering the stock with an average 12-month price target of $3,168, or a 15% upside. Out of the 49 analysts, 17 have strong buy ratings, 30 have buys, 1 has a hold rating and 1 analyst has a sell. The street high price target sits at $4,288.52 from Elazar Advisors, while the lowest comes in at $1,850.

In BMO Capital Market’s note, they reiterate their $3,000 12-month price target and outperform rating and slightly increased third-quarter estimates but lowered the overall full-year 2021 and 2022 estimates. They believe that Alphabet investors have set high expectations for the company this quarter but believe the overall risk/reward is still tilted favourably.

They are raising near-term revenue estimates, primarily because they believe YouTube will outperform this quarter, but lower their estimates for the Search & Other segment going into the fourth quarter to reflect a more normal eCommerce buying pattern and Alphabet’s move away from last-click attribution.

Below you can see BMO’s updated estimates.


Information for this briefing was found via Edgar 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.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Starbucks: BMO Cuts Target To $115 On Share Buyback Suspension

On April 4th, Starbucks (Nasdaq: SBUX) announced that its founder, Howard Schultz, who left an...

Wednesday, April 6, 2022, 03:01:00 PM

Beyond Meat: Analysts Anticipate $113.33 Million In Q1 Revenues

Beyond Meat (NASDAQ: BYND) will be reporting its first quarter financial results today after market...

Thursday, May 6, 2021, 02:34:00 PM

Xebec Adsorption: Canaccord Lifts Price Target To $6

On July 6th, Xebec Adsorption (TSX: XBC) announced a master service agreement with a leading...

Thursday, July 8, 2021, 03:27:00 PM

Beacon Expects NG Energy’s Sinu-9 Approval To Arrive Soon

On August 25, NG Energy (TSXV: GASX) reported its second quarter financial results. Although there...

Monday, August 30, 2021, 11:31:00 AM

Lyft: Analysts Expect Consensus $556.4 Million In Q1 Revenues

Lyft Inc (NASDAQ: LYFT) will be reporting its first quarter financial results today after market...

Tuesday, May 4, 2021, 02:31:00 PM