NEW YORK (TheStreet) -- Shares of Google (GOOGL) - Get Alphabet Inc. Class A Report are down 1.71% to $503.66 ahead of the company's fourth-quarter earnings report expected after the market close today.
The consensus estimate calls for Google to report earnings of $7.11 a share on revenue of $18.46 billion. In the fourth quarter last year, the company posted earnings of $6.01 a share, below the consensus estimate of $6.10 a share, according to analysts polled by Thomson Reuters. Revenue totaled $16.86 billion, above analysts' estimates of $16.75 billion.
In the third quarter of 2014, Google posted EPS of $6.35 a share, below the consensus estimate of $6.53 a share. Revenue totaled $13.17 billion, below estimates of $16.57 billion.
Exclusive Report:Jim Cramer's Best Stocks for 2015
Notably, the percentage of analysts with "buy" recommendations on the stock fell in January to 79 from 84 in December, the first monthly decline in "bullishness" since November 2013, CNBC observed.
Atlantic Equities predicts that growth in Google's core search business will decelerate to 12% a year through 2016 from the high teens in the last few years, CNBC noted.
"Concern regarding this slowing growth profile has been one factor weighing on the stock's performance over the last couple of months, but we believe this will remain an overhang until search trends improve, something we believe could take a number of quarters," Atlantic Equities analyst James Cordwell said in a note.