What Are The Annual Revenue Expectations for Google Stock?

The annual revenue expectations for Google stock are $86.27 billion USD. This is based on the average analyst estimate from Refinitiv.

Google’s fiscal year ends in December, so this figure represents an average of what analysts expect the company will earn in revenue during calendar year 2019.

Google stock is traded on the Nasdaq exchange under the ticker symbol GOOGL. As of June 2019, the stock was trading at around $1,100 per share. This gives Google a market capitalization of approximately $800 billion USD.

Google has been one of the hottest stocks in recent years. The company has seen its stock price more than double since 2016. Much of this growth has been driven by the continued success of the company’s core search business, as well as its newer ventures in areas such as cloud computing and artificial intelligence.

Analysts believe that Google still has a lot of room to grow. In addition to its dominant position in search, the company is also making major headway in other areas such as YouTube, Android, and smart home devices. This gives Google a strong foothold in some of the most important areas of the technology industry.

Looking ahead, analysts expect Google’s revenue to continue growing at a healthy clip. The average analyst estimate for 2020 is $113.89 billion USD, which would represent year-over-year growth of approximately 32%. This would give Google a total market capitalization of well over $1 Trillion Dollars.

Is Google the Most Profitable Company in the World?

Based on its annual revenue, Google is not the most profitable company in the world. This title is currently held by Apple, which reported annual revenue of $265.6 billion USD in 2018. However, Google is close behind in second place with annual revenue of $160.7 billion USD.

It should be noted that profitability is not the same as market capitalization. Market capitalization is a measure of a company’s size, while profitability is a measure of its success in generating profit.

That being said, Google is still one of the most profitable companies in the world. The company reported net income of $30.7 billion USD in 2018, giving it a profit margin of 19%.

Sources:

https://www.bankrate.com/banking/cds/cd-rates/

https://money.cnn.com/data/markets/

Disclaimer: The opinions and documentation contained within this article and on this blog are the sole property of inflationhedging.com and are not to be copyrighted or reproduced in any manner, else legal action within the rights of the United States legal code could be use to obtain recompense. All articles and blog posts are the sole opinions of the writers of the blog, and are not necessarily in line with what exactly will work for you, you should consult a CPA, Tax Professional, or Financial Professional to determine what exact financial needs are in line with your interests. Also, from time to time, certain links on this website will be used to generate affiliate commissions, in order to support the health and growth of our website, health and business.