Alphabet: Third Quarter 2021 Earnings Preview
Alphabet (NASDAQ: GOOGL) will be reporting its third quarter financial results on October 26th after the markets close. Analysts have a consensus $3,180.04 12-month price target on the company, via a total of 48 analysts, with 17 analysts having strong buy ratings. 30 analysts meanwhile have buy ratings, and 1 analyst has a sell rating on the company. The street high comes from Elazar Advisors with a $4,288.52 price target, and the lowest target sits at $1,850.
31 analysts have revenue estimates for the third quarter. The mean revenue estimate between all 31 analysts is $63.33 billion; this number has been revised upwards from $56.61 billion at the start of April. The highest revenue estimate is $67.87 billion, while the lowest is $56.5 billion.
Onto EBITDA estimates, there are currently 26 analysts who have third-quarter EBITDA estimates. The mean is currently $25.45 billion, with this number having been revised upwards from $21.17 billion at the start of April. The street high estimate currently sits at $30.77 billion in EBITDA and the lowest is $21.85 billion.
Analysts estimate that quarterly earnings per share will come in at $23.48, with this number being revised upwards from $17.54 at the start of April. Street high is $30.67 and the lowest estimate is $19.50 per share for the quarter
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.
