Google: Revenues Expected To Top $56.2 Billion In Q2

Alphabet (NASDAQ: GOOGL) will be reporting their second quarter financial results on July 27th after market close. Analysts have a consensus $2,794.34 12-month price target on the company, via a total of 47 analysts, with 16 analysts having strong buy ratings. 29 analysts meanwhile have buy ratings and two analysts have hold ratings. The street high comes from Elazar Advisors with a $3,637.22 price target, and the lowest target sits at $1,850.

30 analysts have revenue estimates for the second quarter. The mean revenue estimate between all 30 analysts is $56.156 billion; this number has been revised upwards from $50.579 billion at the start of the year. The highest revenue estimate is $58.188 billion, while the lowest is $52.563 billion.

Onto EBITDA estimates, there are currently 23 analysts who have second-quarter EBITDA estimates. The mean is currently $21.948 billion, with this number having been revised upwards from $18.024 billion at the start of the year. Street high is a $24.113 billion EBITDA estimate and the lowest is $19.640 billion.

Analysts estimate that quarterly earnings per share will come in at $19.34, with this number being revised up from $14.31 at the start of the year. The street high estimate is $24.43 and the lowest estimate is $15.40 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.

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