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Google Second Quarter Earnings Preview
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Google (Nasdaq:GOOG) will release its second quarter results on Thursday, July 19, 2012. Analysts are expecting the company to report a profit of $8.78 a share, up from $7.66 a year ago.
A business' earnings are the main determinant of its share price because earnings and the circumstances relating to them can indicate whether the business will be profitable and successful in the long run. SEE: Earnings: Quality Means Everything
What to Expect: Google is expected to report $8.78 per share, up 14.6% from a year ago when the company reported earnings of $7.66 per share.
The consensus estimate is down from three months ago when it was $8.82. Analysts are expecting earnings of $37.48 per share for the fiscal year.
Revenue for the quarter is expected to be $8.41 billion, short of last year's reported figure of $9.03 billion by 6.8%. Revenue of $35.32 billion is expected for the fiscal year.
Company Performance: Revenue increases have been in the double digits for the past four quarters. On average, the figure has risen by 28.8%. The biggest change came in the third quarter of the last fiscal year when revenue rose 33.4%.
Price/earnings ratios (P/E ratios) provide a measure of the relative value of a stock. To determine the P/E ratio, an investor divides the market price of the stock by the earnings-per-share (EPS) of the stock. SEE: The P/E Ratio: A Good Market-Timing Indicator
Since April 17, 2012, the stock price has fallen 5.4% to $576.52 from $609.57. Google's worst recent stretch was when its stock price fell $22.65 per share between May 17, 2012 and May 18, 2012.
A business' earnings are the main determinant of its share price because earnings and the circumstances relating to them can indicate whether the business will be profitable and successful in the long run. SEE: Earnings: Quality Means Everything
What to Expect: Google is expected to report $8.78 per share, up 14.6% from a year ago when the company reported earnings of $7.66 per share.
The consensus estimate is down from three months ago when it was $8.82. Analysts are expecting earnings of $37.48 per share for the fiscal year.
Revenue for the quarter is expected to be $8.41 billion, short of last year's reported figure of $9.03 billion by 6.8%. Revenue of $35.32 billion is expected for the fiscal year.
Company Performance: Revenue increases have been in the double digits for the past four quarters. On average, the figure has risen by 28.8%. The biggest change came in the third quarter of the last fiscal year when revenue rose 33.4%.
Price/earnings ratios (P/E ratios) provide a measure of the relative value of a stock. To determine the P/E ratio, an investor divides the market price of the stock by the earnings-per-share (EPS) of the stock. SEE: The P/E Ratio: A Good Market-Timing Indicator
Since April 17, 2012, the stock price has fallen 5.4% to $576.52 from $609.57. Google's worst recent stretch was when its stock price fell $22.65 per share between May 17, 2012 and May 18, 2012.
by
Investopedia Staff
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