Monday, October 6, 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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Aurora Cannabis: Consensus Price Target Tumbles Following Q3 Results

Aurora Cannabis (TSX: ACB) (NYSE: ACB) reported earnings for their fiscal third-quarter earnings on May...

Sunday, May 16, 2021, 10:16:00 AM

Kinross: BMO Lifts Target To $7.50 After Project Updates

On June 28, Kinross Gold Corporation’s (TSX: K) management provided an updated presentation on their...

Sunday, July 3, 2022, 05:11:00 PM

Bragg Gaming: Canaccord Drops Target To $21 Due To Sector Tailwinds

On November 8th, Bragg Gaming (TSX: BRAG) reported their third quarter financial results. The company...

Tuesday, November 23, 2021, 10:24:00 AM

Canaccord Names Trulieve, Ayr Wellness Among 2022 Top Picks

On December 14th, Canaccord Genuity released their top picks going into 2022, with names like...

Thursday, December 16, 2021, 03:35:00 PM

BMO Forecasts Bleak Results For Micron Technology

Micron Technology (NASDAQ: MU) is expected to report its fiscal fourth quarter results on September...

Saturday, September 24, 2022, 03:31:00 PM