Earnings Preview: Google Reports Q3 Results Thursday

| About: Alphabet Inc. (GOOG)

Google Inc. (NASDAQ:GOOG) is due to report earnings after the closing bell on October 13, 2011.


GOOG trades an average of 3.1 million shares per day.

Google Inc. maintains an index of Web sites and other online content for users, advertisers and Google network members and other content providers. The company was founded in 1998 and is headquartered in Mountain View, California.

I have been bullish with Google for quite some time. Click here to read my other articles about Google. I believe Google offers a very good value with a PE under 20, and I expect Google to enter back into China.

52 Week High: $642.96
52 Week Low: $473.02
Book Value: $161.13
Float Short: 2.30%

On average, 22 analysts are expecting a drop of $-0.01 in earnings per share compared to last quarter's results of $8.74. The reporting quarter's estimated mean earnings are $8.73 per share.

The current trailing twelve months (ttm) P/E ratio is 19.4 The forward P/E ratio is 17.6. Looking at the price movement over the last month, the stock has fallen in price -3.88%, with a one year change of -3.91%. Compared to the S&P 500, the year to date difference is -5.45%.

For the same fiscal period year-over-year, revenue has improved to $29.32 billion for 2010 vs. $23.65 billion for 2009. The bottom line has rising earnings year-over-year of $8.51 billion for 2010 vs. $6.52 billion for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $10.38 billion for 2010 vs. $8.31 billion for 2009.

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Jun-11 $ 6.55 B $ 6.92 B $ 363.62 M 5.55%
Mar-11 $ 6.33 B $ 6.54 B $ 209.85 M 3.32%
Dec-10 $ 8.04 B $ 8.44 B $ 396.12 M 4.92%
Sep-10 $ 7.04 B $ 7.29 B $ 241.88 M 3.43%
Jun-10 $ 6.66 B $ 6.82 B $ 163.62 M 2.46%
M = millions, B = billions

Differences are rounded. (Some onetime items are often excluded in reported EPS.)

Reported earnings per share compared to the mean estimate. Differences are rounded.

I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.