Filed under: Earnings reports, Analyst reports, Bad news, Google (GOOG)
Fred Hickey, the editor of High Tech Strategist, is saying Google Inc. (NASDAQ: GOOG) will have a very large earnings miss this quarter followed by “more disappointments to come,” according to Barron’s.
What happens then? The fall-out from weaker earnings is likely to lower the P/E multiple, dropping from 25 to, perhaps, 20. At that level, Google could fall below $350, and it could happen fast.
Google may have ended its run as Wall Street’s darling.
Douglas A. McIntyre is an editor at 247wallst.com.
