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.

- posted by Nathan Weinberg @ 10/19/2004 12:44:00 AM