Google Earnings Preview

Google (NASDAQ:GOOG) is expected to report Q4 earnings after the market close today with a conference call scheduled for 4:30 pm ET.According to First Call, the consensus estimates is $10.49 for EPS and $8.40 billion for revenue. Google has demonstrated dominant search market share as well as strong in ad revenue.Additionally, investors will look for signs of continued strength in its new social network Google+, the latest news on its pending $12.5B acquisition of Motorola Mobility (NYSE:MMI) and progress related to the Android platform. Updates on Google Wallet and Google TV will be closely followed. The company added nearly 2,600 new employees in Q3 — so headcount will be another key metric watched.Google (NASDAQ:GOOG) has potential upside of 14.9% based on a current price of $635.43 and an average consensus analyst price target of $730.3.