Analysts Expect Blowout GOOG Earnings
In advance of the earnings call, any bets on how high GOOG can go today on Wall Street? Analysts have high hopes, so to speak, as tipsters come rolling in with unbelievable numbers for Q4 2006.
For the home-gamers, as of 12:27 pm, GOOG is sitting pretty at $503.04 per share, up nearly nine points. If earnings are what they are expected to be, expect a stock price to skyrocket past the all-time high of $513.00.
John Battelle, reporting on a Bear Sterns report, submits:
Google is expected to release its Q4 report later today, and Yahoo! and MSN have already scheduled a good joint-crying session at the local spa, complete with the chocolate lovers facial and body scrub. Neither have been able to keep a firm grasp on the search market, which is, by some estimates, up to 70 percent controlled by Google.
If earnings are what they are expected to be, it will be a sweet victory for the company that misunderstimated taxes and foreign exchange rates this time last year, sending share prices plummeting from around $500 to the mid $300 range.