Market Update (NASDAQ:GOOG): Just How Much Money Does Google Make? We’re About to Find Out

[at TheStreet] – Alphabet is slated to report its earnings in a new way after the bell, allowing us to finally get to see how profitable Google really is. Read more on this. Alphabet Inc. (GOOG) , valued at $516.14B, began trading this morning at $750.21. Looking at today’s trading action, the company’s one day range from $743.27 to $751.70 with a trailing 52-week range being $515.18 to $779.98. Google (GOOG) shares are currently priced at 25.65x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 11.59x 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 $0.01 sequential increase. The full-year EPS estimate is $28.97 which would be a $3.83 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.77 Billion. If reported, that would be a 43.44% increase over the year-ago quarter. In terms of ratings, Goldman upgraded GOOG from Neutral to Buy (Aug 26, 2015). Previously, Atlantic Equities upgraded GOOG from Neutral to Overweight. When considering if the stock is under or overvalued, the average price target is $853.67, which is 13.79% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Market Update (NASDAQ:GOOG): Did Google Ever Leave China? (GOOG) Market Update: Google Inc (NASDAQ:GOOG) – Google Partners With Lowe’s For New DIY Tools Market Update: Google Inc (NASDAQ:GOOG) – The Google Trade: How to Profit from Alphabet Stock