Alphabet Inc Class CZacks Rank #3 (Hold) with Q1 EPS estimate edging lower and mixed FY estimate revisions; analyst-valuation event.

Alphabet Inc. is expected to post earnings of $2.93 per share for the current quarter, a change of +2.1% from the year-ago quarter, while the Zacks Consensus Estimate has moved -0.1% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $20.51 points to a change of +89.7% from the prior year and has remained unchanged over the past 30 days, while the next fiscal year's consensus estimate of $14.71 indicates a change of -28.3% and has changed -0.2% over the past month. The consensus sales estimate for the current quarter of $111.26 billion indicates a year-over-year change of +27.2%, with current and next fiscal year estimates of $433.58 billion and $545.68 billion indicating +26.4% and +25.9% changes, respectively. Alphabet reported revenues of $103.62 billion in the last reported quarter, a year-over-year change of +26.8%, with EPS of $9.11 versus $2.31 a year ago, beating the Zacks Consensus Estimate of $101.28 billion by +2.31% on revenue and posting an EPS surprise of +216.32%. The recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Alphabet, and the stock is graded C on the Zacks Value Style Score.
Alphabet Inc Class CZacks Rank #3 (Hold) with Q1 EPS estimate edging lower and mixed FY estimate revisions; analyst-valuation event.