[at Seeking Alpha] – Giving away the Android OS is paying off very well for Google ( GOOG ). Some would argue that Google can earn serious money if they charge a royalty fee for every Android OS product. However, I firmly …
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Google Inc. (GOOG), valued at $373.10B, finished at $1,111.84.
During the trading session, GOOG traded between $1,108.69 to $1,118.96 and has traded between $695.52 and $1,118.96 over the past 12 months.
Priced at 25.18x this year’s forecasted earnings, GOOG shares are relatively expensive compared to the industry’s -20.63x forward p/e ratio.
Consensus earnings for the current quarter by the 40 sell-side analysts covering the stock is an estimate of $12.22 per share, which would be $1.63 better than the year-ago quarter and a $0.39 sequential increase. The full-year EPS estimate is $44.15 which would be a $4.33 better than last year’s full-year earnings.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $16.71 Billion. If reported, that would be a 37.42% increase over the year-ago quarter.
In terms of ratings, CRT Capital Initiated GOOG at Buy (Sep 19, 2013). Previously, Janney Initiated GOOG at to Buy.
The average price target for GOOG shares by the analysts covering it is $1,118.59, which is 0.00% above where the stock opened.
Google Inc. (NASDAQ:GOOG), a technology company, builds products and provides services to organize the information and make it universally accessible and useful. It provides Search, AdWords, AdSense and YouTube. Further, the company offers Android Mobile OS, Google Chrome, Google+, Google Wallet and much more.
Tag Helper ~ Stock Code: GOOG | Common Company name: Google | Full Company name: Google Inc. (NASDAQ:GOOG) .