Google Inc (GOOG) Set to Release Earnings Tomorrow, Here What One Analysts ExpectsAuthor: Victor AlagbeLast Updated: March 12, 2020 Google Inc is set to release its second quarter (Q2 2015) earnings tomorrow after the market closes. The stock closed yesterday’s session with gains of 2.18% at $584.18 after it had gained more than 3% in the trading session to an intraday high of $589.71.Shares of Google soared in yesterday’s session on the strength of news that the firm is curbing its expenses with special emphasis on reducing new hires. It is no longer news that Google’s revenue growth has been somewhat flat, its profit margins are being compressed and its share price is stuck in a range.Investors would have one Less Reason to Be Worried about Google TomorrowIn essence, Google’s expenses are increasing at a faster rate than its income. The firm is not yet in financial troubles but market watchers are concerned, and they’ve been calling on the firm to address its expenses as it matures.The Wall Street Journal reports that Google is now taking a stricter approach to managing costs. The firm added 1,819 employees in the first quarter, which is the smallest increase in its headcount since Q4 2013. From the last quarter of 2014, Google has been hiring new workers at an average of 2,435 employees per quarter.It appears that Ruth Porat, who left Morgan Stanley to join Google as the new CFO is already making her mark felt. The WSJ reports that while she was the CFO at Morgan Stanley, she “reduced expenses and reallocated capital… was involved in an internal audit examining costs, revenue and accounting systems”. Ms. Porat will be on the earnings call tomorrow and she’ll be able to assuage investor and analysts’ fears about Google’s rising expenses.Here What One Analyst Think Google Will Report TomorrowVictor Anthony, Managing Director of Internet Media at Axiom released a report on his preview of Google Q2 results. In the research note, he hinted that Google is not likely to outperform but that its results will be in-line with estimates.He also mentioned the importance of Ms. Porat’s plan to trim expenses. Mr. Victor noted that the earnings calls “could shed light on margin potential and a capital return plan under the new CFO. Mobile search and YouTube performance are again likely to dominate the call.”Analysts at Axiom expect Google to report revenue of $14.3B to mark a 12.8% year-over-year increase. They expect Google to report adjusted earnings of $6.78 per share up from earnings of $6.08 per share from the comparable quarter in 2014. Axiom sees a 6.3% upside potential in the share price of Google as it maintains its “Hold” rating with a price target of $615.