S&P 500 (NYSE:SPY) component Google, Inc. (NASDAQ:GOOG) will unveil its latest earnings on Thursday, April 12, 2012. 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 $8.23 per share, a rise of 16.9% from the company?s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $8.77. Between one and three months ago, the average estimate moved down. It also has dropped from $8.25 during the last month. For the year, analysts are projecting net income of $36.65 per share, a rise of 23.2% from last year.
Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported profit of $8.22 per share versus a mean estimate of net income of $9.06 per share. In the third quarter of the last fiscal year, the company beat estimates by 74 cents.
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Wall St. Revenue Expectations: Analysts predict a rise of 24.3% in revenue from the year-earlier quarter to $8.13 billion.
Analyst Ratings: Analysts are optimistic about this stock, with 29 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.
Key Stats:
With double-digit year-over-year percentage revenue growth in the past four quarters, the upcoming earnings announcement is a chance to continue the momentum on the top line. Over that span, the company has averaged revenue growth of 29.4%.
The company has a chance to continue a string of three-straight net income increases with this earnings announcement. Net income rose 36.1% in the second quarter of the last fiscal year and 25.9% in the third quarter before rising again in the fourth quarter.
Stock Price Performance:?From March 8, 2012 to April 5, 2012, the stock price rose $25.18 (4.1%), from $607.14 to $632.32. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 14, 2011, when shares rose for 10 straight days, increasing 19.4% (+$96.16) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 8.7% (-$53.56) over that span.
A Look Back:?In the fourth quarter of the last fiscal year, profit rose 6.3% to $2.7 billion ($8.23 a share) from $2.54 billion ($7.82 a share) the year earlier, but fell short analyst expectations. Revenue rose 25.4% to $10.58 billion from $8.44 billion.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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