Google will report its fourth quarter results after the bell Tuesday and it is safe to say that Wall Street is anticipating a blowout quarter. Shares are up nearly 130 percent since the company's initial public offering in August and the stock trades at 57 times 2005 earnings estimates. Given that level of appreciation and valuation, "good" results won't be enough for Google.
"In many respects, you've left fundamentals land and have entered expectations land," said Mark Mahaney, an analyst with American Technology Research. "Fundamentals can improve and the stock can trade off if expectations aren't met."