What should you expect?
Analysts surveyed by Thomson Reuters expect Google to earn $4.92 per share on revenue of $4.08 billion.
However Citigroup Internet analyst Mark Mahaney tells Fast Money that he's more bearish on Google than most of his peers. He says, “I think Street estimates are too aggressive. There’s no evidence that there’s upside. I think investors should be cautious on Google.”
And on the other side of the coin Wunderlich Securities analyst Martin Pyykkonen believes his peers have underestimated Google's ability to shake off the recession. He expects Google to earn $5.08 per share. "We believe there is less than a 20 percent chance of Google disappointing" investors, Pyykkonen wrote in a Monday research note.
What’s the trade?
I think the trade is to wait and when it trades over $400 I’d get short, counsels Guy Adami.
They’ve run far and fast, adds Pete Najarian. I think you have to be careful.
I’m lukewarm on Google, adds Karen Finerman. I wouldn’t go long or short.
What do you think? Tell us now!
> Earnings preview: Low expectations for Google 1Q
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Trader disclosure: On Apr. 15th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (WFC), (AAPL), (WMT), (GS), (GE), (SDS), (GCI); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU) ; Finerman Owns (BAC) PreferredFinerman's Firm Owns (CTX), (MSFT), (RIG), ; (PBR), (UNH); Finerman's Firm Owns (BAC) Preferred; (WFC) Preferred; Finerman's Firm Is Short (BAC), (WFC), (MDY), (SPY), (USO); Najarian Owns (BX) Call Spread; Najarian Owns (C) Call Spread; Najarian owns (GS) Calls; Najarian Owns (INTC) Calls; Najarian Owns (JPM) Call Spread; Najarian Owns (PALM); Najarian Owns (RIO) Calls; Najarian owns (VAR) Call Spread; Najarian Owns (XHB) Call Spread
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