The Analysts consensus estimate is $4.74 for EPS and $3.87B for revenue, according to First Call. The whisper number is $4.95, according to EarningsWhisper.com.
Citigroup's Mark Mahaney expects Google to provide updates on search-ad trends, such as pricing and click-through rates, along with its earnings announcement. Mahaney also expects updates on the company's international business, which accounted for 51% of earnings in Q1 and 48% in Q4'07.
He believes this significant international exposure has been and can continue to be a substantial driver of top-line growth. Mahaney also expect updates on Google's integration of DoubleClick, the display advertising company it acquired this year for $3.1B; monetization plans for YouTube, Google Images, Google Finance and Google Video; the company's Android mobile platform and its mobile search business, and any improvement in monetization of MySpace deal. "We view mobile Internet advertising as one of Google's biggest long-term opportunities," Mahaney said.
While Oppenheimer expects an in-line Q2, it believes there is high likelihood that US paid clicks weakened in Q2, offset by robust International clicks. Moreover, the firm said investors should assume that Google's growth will continue to decelerate as the US economy slows into Q4 and International slows in 2009.
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