Alphabet (Google) share price: what to expect from its Q4 results

Will Alphabet – the parent company of Google – beat or miss earnings and revenue targets when it reports its fourth quarter, FY19 results next week?

When will Alphabet report their results?

Alphabet – the parent company of tech behemoth Google (GOOG) – is expected to report its fourth quarter, FY19 financial results on 3 February, after the market close.

Will Alphabet beat or miss on its key targets?

Alphabet missed on analyst revenue targets in the third quarter – posting net revenue of US$33.009 billion. (This figure excludes Google’s Traffic Acquisition Costs.) At the time, and according to Business Insider, ‘Wall Street was looking for [revenue of] $US32.7 billion.’

Coming into this new round of earnings, analysts have upped their expectations – projecting Alphabet to report fourth quarter revenues of US$38.34 billion.

Do you own Alphabet (Google) shares? You can hedge your downside risk by trading CFDs now.

Speaking of those results Q3, Sundar Pichai – CEO of Alphabet and Google – said:

‘I am extremely pleased with the progress we made across the board in the third quarter, from our recent advancements in search and quantum computing to our strong revenue growth driven by mobile search, YouTube and Cloud.’

Mr Pichai continued by saying that:

‘We’re focused on providing the most helpful services to our users and partners, and we see many opportunities ahead.’

In step with Wall Street’s heighted revenue expectations, analysts are now anticipating strong bottom-line growth from the global tech company during Q4.

Earnings per share – on an adjusted basis – are currently expected to come in at US$14.098, during Q4, according to Bloomberg Data.

By comparison, in Q3 Alphabet reported EPS of US$10.12.

Alphabet (Google) share price: a longer-term view

Beats or misses aside, Alphabet remains overwhelmingly liked by analysts. All 16 analysts covering the stock currently rate it a BUY, according to Bloomberg Data.

Indeed, in the last twelve months Alphabet has outperformed the broader market – rising 37.0% in that period. At the time of writing, Alphabet’s share price stood at US$1,450.50 per share.

Even with that impressive share price run-up considered, analysts continue to see upside for the tech behemoth over the next 12-months, with the stock carrying an average 12-month price target of US$1,544.50 per share, according to Bloomberg Data. Such a target implies potential upside of around ~6%, from current price levels.

Mind you, there is some price target variance among analysts.

The lowest share price target comes from Stifel’s analyst: Scott Devitt. Mr Devitt has a BUY rating and a price target of US$1,287 on Google.

On the most bullish end of the spectrum – Pivotal Research Group has a BUY rating on GOOG and a significant price target of US$1,650 per share.

Ready to start hedging? Open an account with IG today to get started.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get commission from just 0.08% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. All share prices are delayed by at least 20 minutes. Prices are indicative only.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.