April 11, 2006

Google will meet 2006-Q1 earnings, but stock will still drop ;)

Posted in Category: Work — Amr Awadallah @ 9:10 pm | link | | comment (0)

After the miss from last quarter, all the analysts cut their sequential revenue growth estimates from the 25 to 30% range for 2005-Q4, to just 9 to 15% range for 2006-Q1. I think Google will come in within that range, however, I predict that the stock will still drop as this is what folks expected, and I do not see them beating it by much (GOOG is at $409.66 as of today’s close). Furthermore, I have a gut feeling that Google will surprise us with some large increase in costs, specially for sales and marketing.

Next week should be super fun with both Yahoo (4/18) and Google (4/20) releasing earnings.


— amr

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