Baird Reiterates an 'Outperform' on Google (GOOG); Mum on Motorola
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Price: $901.15 -0.64%
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
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Baird reiterates an 'Outperform' on Google (NASDAQ: GOOG) price target of $750.00.
Analyst, Colin Sebastian, said, "Last night, Google reported generally in-line Q2 results (revenues a little light, EPS a little ahead), with no big surprises despite negative sentiment ahead of the print. On the positive side, a slight sequential increase in CPC pricing, 42% click volume growth and stable core margins helped offset F/X pressures, Europe weakness and the impact from users shifting to mobile."
"We are adding $6.1 billion to our 2H 2012 top line estimate, and $12.2 billion to 2013. In terms of EPS, we expect MMI will be slightly dilutive, and we are lowering our 2012 and 2013 EPS estimates to $42.92 and $50.60, from $43.27 and $52.40, respectively."
For an analyst ratings summary and ratings history on Google click here. For more ratings news on Google click here.
Shares of Google closed at $593.06 yesterday, with a 52 week range of $480.60-$670.25.
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Analyst, Colin Sebastian, said, "Last night, Google reported generally in-line Q2 results (revenues a little light, EPS a little ahead), with no big surprises despite negative sentiment ahead of the print. On the positive side, a slight sequential increase in CPC pricing, 42% click volume growth and stable core margins helped offset F/X pressures, Europe weakness and the impact from users shifting to mobile."
"We are adding $6.1 billion to our 2H 2012 top line estimate, and $12.2 billion to 2013. In terms of EPS, we expect MMI will be slightly dilutive, and we are lowering our 2012 and 2013 EPS estimates to $42.92 and $50.60, from $43.27 and $52.40, respectively."
For an analyst ratings summary and ratings history on Google click here. For more ratings news on Google click here.
Shares of Google closed at $593.06 yesterday, with a 52 week range of $480.60-$670.25.
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Robert W Baird
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