Google Earnings Preview: Get Ahead of the Analysts
Google (NASDAQ:GOOG) will report earnings after markets close on Thursday, July 18th. Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.
Here is your Cheat Sheet to Google Earnings:
Earnings Expectations: Analysts expect earnings of $10.79 per share on revenues of $14.42 billion. Currently, the company’s P/E ratio stands at 27.53.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $11.41 to a profit $11.15. For the current year, the average estimate is a profit of $46.12, which is better than the estimate ninety days ago.
Here’s how Google has been performing on an annual basis:
|Revenue ($) in millions||21,796||23,651||29,321||37,905||50,175|
|Diluted EPS ($)||13.31||20.41||26.31||29.76||32.31|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||12,214.00||14,101.00||14,419.00||13,969.00|
|Diluted EPS ($)||8.42||6.53||8.62||9.94|
Google has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)