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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Google has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
Google has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)