A quick look at Yahoo Finance indicates that to this point, Google has exceeded analyst earnings estimates by an average of 22%. You really have to wonder about the consensus estimates. Am I reading right or do the analysts estimate that Google will bring in less revenue this year than they did last year?
Anyway, the average estimate for the current quarter is that Google will bring in $729.8 million in revenues and earn 92 cents a share. Applying the "22% formula" to both, they should come in at $890.35 million and earn 1.12 a share.
This still seems low, at least on the revenue side. For the simple reason that "you're not going to be a Fortune 100 company at this rate unless you pick up the pace," my guess is $1.15 billion in revenues and earnings of $1.08 per share.
If you want to play the home game, you know where the comment button is!
Posted by Andrew Goodman
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