Raymond James & Associates Analyst Aaron Kessler told Benzinga that he is looking for about 17 percent year-over-year growth out of today’s Google Inc GOOG GOOGL earnings report.
“I think the keys are the top-line growth, specifically growth in Google’s site revenue,” he said.
Kessler added that investors are going to want to see some more operating leverage in the model.
He also thinks that with Google’s big cash position, investors will want to know whether the company will return some of the cash to shareholders or buy back stock.
“I think that’s becoming an increasing focus at these valuation levels,” he said.
Shares of Google were recently trading down 1.04 percent at $504.66.
Brianna Valleskey contributed to this report.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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