Google (Nasdaq: GOOG ) is expected to report Q2 earnings on July 19. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Google's revenues will expand 23.6% and EPS will expand 15.8%.
The average estimate for revenue is $11.16 billion. On the bottom line, the average EPS estimate is $10.12.
Last quarter, Google reported revenue of $10.65 billion. GAAP reported sales were 24% higher than the prior-year quarter's $8.58 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $10.08. GAAP EPS of $8.75 for Q1 were 59% higher than the prior-year quarter's $5.51 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 64.4%, 140 basis points worse than the prior-year quarter. Operating margin was 31.8%, 80 basis points worse than the prior-year quarter. Net margin was 27.1%, 610 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $47.03 billion. The average EPS estimate is $43.15.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 15,275 members out of 17,739 rating the stock outperform, and 2,466 members rating it underperform. Among 3,645 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 3,244 give Google a green thumbs-up, and 401 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Google is outperform, with an average price target of $718.49.
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