Google, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Google, Inc. (NASDAQ:GOOG) will unveil its latest earnings on Thursday, October 13, 2011. Google provides search and advertising services and makes this information freely available to anyone with an Internet connection.

Google, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $7.59 per share, a rise of 12.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $7.16. Between one and three months ago, the average estimate moved up. It has been unchanged at $7.59 during the last month. Analysts are projecting profit to rise by 17.3% versus last year to $30.85.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported net income of $7.66 per share against a mean estimate of profit of $6.79 per share. In the first quarter, it missed forecasts by 10 cents.

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

Wall St. Revenue Expectations: On average, analysts predict $7.19 billion in revenue this quarter, a rise of 31.2% from the year ago quarter. Analysts are forecasting total revenue of $28.66 billion for the year, a rise of 30.3% from last year’s revenue of $22 billion.

Analyst Ratings: Analysts are bullish on this stock with 27 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the second quarter, profit rose 36.1% to $2.5 billion ($7.68 a share) from $1.84 billion ($5.71 a share) the year earlier, exceeding analyst expectations. Revenue rose 32.3% to $9.03 billion from $6.82 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 27%, with the biggest boost coming in the most recent quarter when revenue rose 32.3% from the year earlier quarter.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 22.3%. The quarter with the biggest boost was the most recent quarter, which saw a 36.1% surge.

Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), Yahoo! Inc. (NASDAQ:YHOO), Baidu.com, Inc. (NASDAQ:BIDU), Apple Inc. (NASDAQ:AAPL), AOL, Inc. (NYSE:AOL), Amazon.com, Inc. (NASDAQ:AMZN), Adobe Systems Incorporated (NASDAQ:ADBE), Demand Media Inc (NYSE:DMD), IAC/InterActiveCorp (NASDAQ:IACI), and Answers Corporation (NASDAQ:ANSW).

Stock Price Performance: During August 11, 2011 to October 7, 2011, the stock price had fallen $47.01 (-8.4%) from $562.13 to $515.12. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 14, 2010 when shares rose for 11-straight days, rising 7.1% (+$39.20) over that span. It saw one of its worst periods between November 8, 2010 and November 17, 2010 when shares fell for eight-straight days, falling 6.9% (-$43.22) over that span. Shares are down $78.85 (-13.3%) year to date.

(Source: Xignite Financials)

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

 

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