Latest InsideMicrosoft Posts: InsideGoogle: Analyst Predicts Earnings Of 23 Cents A Share .comment-link {margin-left:.6em;}
InsideGoogle
Tuesday, October 19, 2004
 
Analyst Predicts Earnings Of 23 Cents A Share
Standard & Poor's equity analyst Scott Kessler says he expects Google to post Google to post earnings of 23 cents per share for the third quarter when it releases its quarterly report Thursday. This is before the charge from the Yahoo settlement is deducted, so actual earnings will be slightly lower. Google is a tough stock to handicap, since founders Sergey Page and Larry Brin have long said the company will not issue earnings forecasts. Kessler described his analysis as "guesstimation", saying, "I feel like I'm in a very dark cave with a lot of other folks." Kessler's rating is based on a prediction of $739 million in revenue. Lehman Brothers analyst Douglas Anmuth, meanwhile, is predicting $448 million, comparable to the second quarters' $423 million. Also, David Garrity of Caris & Co. gave Google a rating of "above average", predicting the stock will rise 5-20% over the next 12 months. Of course, shares were up 3.5% just for yesterday, so that appreciation may come a lot sooner than 12 months.

Comments:
Keep in mind that one analyst is posting an estimate including "traffic acquisition costs" and the other is posting excluding them.
 
Post a Comment

Links to this post:

Create a Link



<< Home

Powered by Blogger

Who Reads InsideGoogle?
Cnet

The Seattle Times

Evan Williams

Most Popular Posts
A Look At Google's Secret Instant Messaging Product: Hello

New Gmail Features Include An Atom Feed

An Interview With Google's Marissa Mayer at Digital Life

Google And Microsoft: Neighbors