cnbc.com - Google earnings q2 goog live updates

            Model       Forecast       Actual
EPS         $2.60       $2.89          $2.85
Revenue     $180.65B    $116.93B       $119.80B

Reminder: Google has a history of dialing up (and down) their business levers so Revenue is typically a more stable indicator of their business.

TTM Revenue is now at $445B, and they are trading at $320 / share for a market cap of $3,890B; a multiple of 8.7x. Despite recent drop in the share price, this is still on the very upper end of the historical range (since 2020 it has been between 4.7x and 11.3x) - a weighted average forecast might be in the 7.5x range.

Looking forward a revenue forecast 4 quarters out might be $500B on a TTM basis, taking 7.5x that value we get a share price forecast of $290-$300... so there is still a lot of optimism in the valuation. I think most of this is justified given the market dynamics.

tecmo
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