Earnings Preview: Google, Huntington, Overstock.com, Philip Morris

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Google Inc (NASDAQ:GOOG), Huntington Bancshares Incorporated (NASDAQ:HBAN), Overstock.com, Inc. (NASDAQ:OSTK), and Philip Morris International Inc. (NYSE:PM) are set to report financial results for the second quarter on Thursday, July 18.

Earnings Preview: Google, Huntington, Overstock.com, Philip Morris

Google Inc (GOOG) Earnings Estimates

Based on data compiled by Bloomberg, analysts expect Google Inc (NASDAQ:GOOG) to post $10.80 earnings per share for the second quarter, higher than its $10.12 earnings per share in the same period in 2012. During the previous quarter, the search engine giant posted an earnings surprise of $11.58 per share.

In terms of revenue, analysts estimate that Google Inc (NASDAQ:GOOG) will deliver $14.5 billion revenue, up from its $12.2 billion revenue in the second quarter of 2012. During the first quarter this year, the search engine giant generated $14 billion revenue.

For fiscal 2012, the search engine giant is expected to achieve $46.10 earnings per share on $59.5 billion revenue.

Huntington Bancshares Incorporated (HBAN)

Huntington Bancshares Incorporated (NASDAQ:HBAN) is expected to report weak earnings results for the second quarter. Analysts projected that the company will post $0.16 earnings per share, down from its $0.17 earnings per share in the same period in 2012. Its revenue is estimated to be around $684 million, down from its $741 million revenue last year.

For the full year 2013, Huntington Bancshares Incorporated (NASDAQ:HBAN) is expected to achieve $0.67 earnings per share on $2.76 billion revenue. Over the previous four quarters, the company’s revenue declined by an average of 4% year-over-year.

Overstock.com (OSTK)

Analysts projected that Overstock.com, Inc. (NASDAQ:OSTK) will report strong financial results for the second quarter. The e-commerce company is expected to achieve $0.12 earnings per share compared with its $0.02 earnings per share in the same period last year. During the previous quarter, the company recorded $0.32 earnings per share.

In terms of revenue, analysts estimated that Overstock.com, Inc. (NASDAQ:OSTK) is expected to post $277.2 million revenue. For the full year 2013, the company is expected to post $1.00 earnings per share on $1.24 billion revenue.

Philip Morris International (PM)

Meanwhile, analysts expect Philip Morris International Inc. (NYSE:PM) to report $1.41 earnings per share compared with its $1.36 earnings per share in the same period last year. The estimate is 4% higher. Its revenue is expected to decline by 59% year-over-year to $8.16 billion this quarter.

For the full year 2013, Philip Morris International Inc. (NYSE:PM)  is expected to report $5.56 earnings per share on $32.03 billion revenue. A majority of analysts covering the stock recommended a Buy rating.

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