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Google 2Q Earnings Pregame Scorecard

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)