Business as Usual Again for Google: Wall Street Expects Big Things
Hard times? Sure, for mere mortals. But at Google, things are back to normal: The company signaled months ago that it has made it through the recession without much problem. And if that wasn’t clear enough, the company underscored the point by embarking on a serious shopping spree, which hasn’t ended.
Wall Street has gotten the message. It expects serious numbers when the search giant hands in its earnings report card this afternoon. As Silicon Alley Insider notes, analysts are expecting double-digit revenue growth from Google (GOOG) for the first time in a year.
Per Citigroup’s (C) Mark Mahaney, here’s a detailed breakdown of Wall Street’s expectations (click to enlarge):
Once Google reports, there will be plenty to talk about beyond its core financials, of course: Competition from Microsoft (MSFT) Bing, plans for mobile (Android, NexusOne, AdMob), YouTube’s profit potential, etc. I’ll be covering both the initial numbers and the subsequent analyst call, starting at 4 pm Eastern.