Last quarter Google (GOOG) topped estimates by 51 cents per share, and it is scheduled to report again on Thursday.


Analysts currently expect Google to come in with earnings of $8.78 per share on revenues of $8.41 billion. Analysts gave estimates ranging from $8.16 per share to $9.98 per share. Over the past three months, the average estimate has moved down from $8.82.

Last Quarter's Results

In the first quarter, profit rose 60.7% to $2.89 billion ($8.75 a share) from $1.8 billion ($5.51 a share) the year earlier, exceeding analyst expectations. Revenue rose 24.1% to $10.64 billion from $8.57 billion.

Stock Ratings

Analysts are bullish on the stock as 29 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Stock Movement

The stock fell $22.65 per share between May 17, 2012 and May 18, 2012.

Company Fundamental Trends

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 28.8% over the last four quarters. The impending earnings announcement offers the opportunity expand on positive earnings momentum gained over last three quarters. Net income rose 25.9% in the third quarter of the last fiscal year and 6.3% in the fourth quarter of the last fiscal year before increasing again in the first quarter. Summary

Reporting Period: 2Q

Date of Release: Thursday, July 19, 2012

EPS: $8.78

Revenue Estimate: $8.41 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)