Google: Is The Street Now Too Bearish?

April 15, 2009 at 12:52 pm PT

Analysts covering the Internet sector continue to jockey for position ahead of Google’s (GOOG) Q1 earnings report, which is due after the close on Thursday.

As I noted in a post yesterday, there is no clear agreement on what the numbers will look like; after a recent round of estimate cuts, the Street now seems to be wondering if maybe it went too far. I would note that GOOG shares have rebounded 44 percent off the November lows, so there is some risk that even a strong quarter will trigger a round of profit-taking, not unlike what happened in Intel (INTC) shares today. (Although I would also note that, unlike Intel, Google doesn’t ever provide any forward earnings guidance.)

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Tagged with: Barrons, digital, earnings, economy, Eric Savitz, estimate cuts, forward earnings guidance, frontpage, Google, Intel, Internet, software, Tech Trader Daily

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