[at Forbes] – The big obsession yesterday was with why Google spent $3.2 billion on startup Nest Labs. But lost in the shuffle of the breathtaking price and lots of questionable speculation about whether this is relevant to Apple was exactly what motivated the company to take the deal. Nest CEO Tony Fadell [...]
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Google Inc. (GOOG), valued at $378.19B, ended trading yesterday at $1,122.98.
A quick look at the market, the company’s traded between $1,132.01 to $1,138.38 with the price of the stock fluctuating between $695.52 to $1,147.32 over the last 52 weeks.
GOOG shares are currently priced at 25.41x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -18.41x forward p/e ratio.
Consensus earnings for the current quarter by the 40 sell-side analysts covering the stock is an estimate of $12.25 per share, which would be $1.66 better than the year-ago quarter and a $0.44 sequential increase. What we find to be interesting is that the full-year EPS estimate of $44.20 is a $4.38 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $16.72 Billion. If realized, that would be a 37.50% increase over the year-ago quarter.
Recently, 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 $1,154.74, 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) .