Oppenheimer's Q2 Preview on Google (GOOG); Lower Expectations From Numerous Overhangs
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Price: $882.79 -0.75%
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
40 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade GOOG Now!
Oppenheimer maintains an 'Outperform' on Google (NASDAQ: GOOG) price target of $752.00 (from $733.00).
Analyst, Jason Helfstein, said, "We expect GOOG to report in-line 2Q results after the close Thursday, excluding the MMI acquisition. We expect US revenues to slow 100 bps vs. 1Q on a slightly harder comp, with Int'l revenues slowing 600 bps, with up to 800 bps of currency headwinds. Our net revenue estimate is 1% below the Street. Focus on mobile cannibalization overstated, in our view, with data showing macro, geographic mix and "Quality Improvements" having a greater impact."
Other key issues to look for include: MMI integration/financial impact, CPC trend, impact of Nexus Tablet, and participation/health of CEO Page.
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 $574.92 yesterday, with a 52 week range of $480.60-$670.25.
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Analyst, Jason Helfstein, said, "We expect GOOG to report in-line 2Q results after the close Thursday, excluding the MMI acquisition. We expect US revenues to slow 100 bps vs. 1Q on a slightly harder comp, with Int'l revenues slowing 600 bps, with up to 800 bps of currency headwinds. Our net revenue estimate is 1% below the Street. Focus on mobile cannibalization overstated, in our view, with data showing macro, geographic mix and "Quality Improvements" having a greater impact."
Other key issues to look for include: MMI integration/financial impact, CPC trend, impact of Nexus Tablet, and participation/health of CEO Page.
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 $574.92 yesterday, with a 52 week range of $480.60-$670.25.
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