What is KeyCorp’s Forecast for Alphabet Q3 Earnings?

Alphabet Inc. (NASDAQ:GOOGL) – KeyCorp decreased their Q3 2026 EPS estimates for shares of Alphabet in a report issued on Thursday, July 23rd. KeyCorp analyst J. Patterson now anticipates that the information services provider will earn $2.99 per share for the quarter, down from their previous forecast of $3.02. KeyCorp currently has a “Overweight” rating and a $445.00 target price on the stock. The consensus estimate for Alphabet’s current full-year earnings is $19.79 per share. KeyCorp also issued estimates for Alphabet’s Q4 2026 earnings at $3.27 EPS, FY2026 earnings at $20.48 EPS and FY2027 earnings at $15.24 EPS.

A number of other equities analysts have also weighed in on the company. Loop Capital lifted their price objective on Alphabet from $355.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Citigroup restated an “outperform” rating on shares of Alphabet in a research note on Monday, May 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Barclays reiterated an “overweight” rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, DZ Bank raised Alphabet to a “strong-buy” rating in a report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $419.86.

Alphabet Price Performance

NASDAQ:GOOGL opened at $333.71 on Wednesday. Alphabet has a one year low of $187.82 and a one year high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm has a market cap of $4.04 trillion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.95 and a beta of 1.24. The firm’s fifty day moving average is $360.45 and its two-hundred day moving average is $339.07.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $6.22. The firm had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.

Insider Buying and Selling

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $341.72, for a total value of $153,432.28. Following the completion of the sale, the chief accounting officer directly owned 27,348 shares in the company, valued at $9,345,358.56. This represents a 1.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 285,049 shares of company stock worth $10,051,351. 11.61% of the stock is owned by corporate insiders.

Institutional Trading of Alphabet

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Processus Wealth & Capital Management LLC increased its position in shares of Alphabet by 1.0% during the second quarter. Processus Wealth & Capital Management LLC now owns 20,509 shares of the information services provider’s stock valued at $7,329,000 after acquiring an additional 198 shares during the last quarter. First Community Trust NA boosted its position in shares of Alphabet by 1.6% during the 2nd quarter. First Community Trust NA now owns 18,694 shares of the information services provider’s stock worth $6,681,000 after acquiring an additional 297 shares in the last quarter. Walker Asset Management LLC increased its holdings in shares of Alphabet by 1.1% in the 2nd quarter. Walker Asset Management LLC now owns 3,070 shares of the information services provider’s stock valued at $1,097,000 after acquiring an additional 32 shares during the last quarter. Lee Kelleher & Klein Wealth Management purchased a new stake in Alphabet during the second quarter worth approximately $302,000. Finally, Buska Wealth Management LLC boosted its holdings in Alphabet by 5.7% in the second quarter. Buska Wealth Management LLC now owns 875 shares of the information services provider’s stock valued at $313,000 after purchasing an additional 47 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s second-quarter results were strong, with revenue rising 24% year over year to $119.8 billion. Google Cloud revenue surged 82% to $24.8 billion, operating income more than tripled to $8.8 billion, and Search revenue grew 17%, supporting the company’s AI monetization and demand outlook. Alphabet earnings report
• Positive Sentiment: Analyst sentiment remains broadly constructive. Phillip Securities upgraded Alphabet to “strong buy,” while KeyCorp maintained an “Overweight” rating and a $445 price target. KeyCorp also sharply raised its FY2026 EPS forecast to $20.48 from $14.41 and lifted its FY2028 estimate to $17.88. Erste Group separately increased its FY2027 EPS forecast to $14.74. Alphabet analyst upgrade
• Positive Sentiment: Several investment commentaries argue that the selloff was excessive given Alphabet’s accelerating Cloud business, $514 billion backlog and early AI revenue opportunities. The company also expanded YouTube’s ecosystem through a multiyear agreement to include Peacock content for YouTube Premium subscribers. YouTube and Peacock agreement
• Neutral Sentiment: KeyCorp made modest cuts to its Q3 2026 EPS estimate, to $2.99 from $3.02, its Q4 estimate to $3.27 from $3.34, and its FY2027 estimate to $15.24 from $15.27. The firm nevertheless retained its bullish rating and price target. Alphabet analyst estimates
• Negative Sentiment: Alphabet raised 2026 capital-expenditure guidance to approximately $195 billion–$205 billion. Quarterly capital spending reached $44.9 billion, pushing free cash flow negative and prompting concerns that AI infrastructure investments could pressure returns, cash generation and future buybacks. Alphabet AI spending concerns
• Negative Sentiment: Additional overhangs include potential European private damages claims following Google’s $1 billion competition fine, scrutiny of Waymo’s emergency-response procedures, and repeated sales by a major shareholder. Broader investor anxiety about AI costs is also weighing on hyperscaler valuations. Google European damages claims

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.