Google (GOOG): Earnings Whisper?

Google Inc. (GOOG) is set to report its 2Q15 results today after the close with a conference call to follow at 4:30pm ET. The company is expected to report revenue of $17.76 billion. Similarly, the EPS is projected at $6.70. A year ago, Google earned $6.08 a share. The Street’s estimates for the quarter reflect a year-over-year EPS growth of 10.19%.

As a quick reminder, GOOG reported 1Q/15 EPS of $6.57, $0.04 worse than the Street’s consensus estimate of $6.61. Revs rose 0.12% yoy to $15.42 billion versus the $17.49 billion consensus.

Google is currently printing a higher than average trading volume with the issue trading 2.05M shares, compared to the average volume of 1.74M. The stock began trading this morning at $565.12 to trade 2.14% higher from the prior days close of $560.22. On an intraday basis it has gotten as low as $565.00 and as high as $575.26.

On valuation measures, GOOG shares are currently priced at 27.07x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 18.16x earnings multiple. The company’s current year and next year EPS growth estimates stand at 10.80% and 15.70% compared to the industry growth rates of 16.90% and 23.50%, respectively. GOOG has a t-12 price/sales ratio of 5.64. EPS for the same period registers at 21.16.

Google shares have advanced 6.26% in the last 4 weeks and 5.20% in the past three months. Over the past 5 trading sessions the stock has gained 8.40%. Shares of Google Inc. are up 6.42% this year.

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