Will Yahoo Earnings Later Today Show Revenue Growth (Or More of the Same)?

Yahoo will report its fourth-quarter earnings later today, and BoomTown will be covering them all the way from Hong Kong (the miracle of the Internet!).

Analysts expect the troubled Internet giant to turn in exactly what has been expected for the period–the consensus is $1.19 billion in net revenue and earnings of 22 cents a share.

That revenue number is lower than a year ago, especially due to declines in search ad revenue at the company.

Earlier this week, Google turned in a strong quarter. But Wall Street is only looking for meeting expectations from Yahoo, which will report after the markets close.

At a conference call with analysts after the earnings release, expect Yahoo CEO Carol Bartz to get questions on increased competition to its display advertising business from Facebook and Google, declining usage of its sites, as well as what she will do about continued product drift and talent drain.

And, if the growth picture remains lackluster, about how much longer her long-promised turnaround will take.

The slowness of the effort is starting to worry major investors, some of whom have gone sour on Bartz’s ability to reinvigorate the Silicon Valley icon and have been telling exactly that to board members in recent months.