Company Update (NASDAQ:GOOG): Google’s 4Q15 Earnings Are Coming Up: A Look Back at 3Q15

[Market Realist] – Alphabet’s (GOOG) subsidiary Google is set to announce its results for its 4Q15 earnings on February 1. Read more on this. Alphabet Inc. (GOOG) , valued at $497.06B, opened at $723.60. A quick look at the market, the company’s stock traded between $720.12 and $728.04 with a trailing 52-week range being $499.83 to $779.98. GOOG shares are currently priced at 24.37x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 12.46x earnings multiple for the same period. Consensus earnings for the current quarter by the 39 sell-side analysts covering the stock is an estimate of $8.09 per share, which would be $1.74 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $28.99 is a $3.85 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.79 Billion. If reported, that would be a 43.58% increase over the year-ago quarter. Recently, Goldman upgraded GOOG from Neutral to Buy (Aug 26, 2015). Previously, Atlantic Equities upgraded GOOG from Neutral to Overweight. With the above information in mind, readers should note that the average price target is $853.67, which is 17.98% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update (NASDAQ:GOOG): How Google & Twitter Compete with Facebook’s Instant Articles (FB, GOOG) Company Update: Google Inc (NASDAQ:GOOG) – Alphabet To Post ‘Big’ 2016 On Google Search: Analyst Company Update: Google Inc (NASDAQ:GOOG) – Smartphone Winners: Facebook, Amazon.com and Google