Zacks: Analysts Expect Baidu Inc (BIDU) Will Announce Earnings of $2.11 Per Share

Equities research analysts expect Baidu Inc (NASDAQ:BIDU) to announce earnings of $2.11 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Baidu’s earnings, with estimates ranging from $1.73 to $2.74. Baidu posted earnings per share of $2.29 in the same quarter last year, which suggests a negative year over year growth rate of 7.9%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 12th.

On average, analysts expect that Baidu will report full year earnings of $10.01 per share for the current year, with EPS estimates ranging from $9.32 to $10.39. For the next year, analysts anticipate that the company will post earnings of $10.65 per share, with EPS estimates ranging from $9.48 to $12.71. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Baidu.

A number of research analysts recently weighed in on BIDU shares. Zacks Investment Research downgraded shares of Baidu from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. BidaskClub downgraded shares of Baidu from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. UBS Group set a $220.00 target price on shares of Baidu and gave the company a “buy” rating in a research report on Friday, November 2nd. Barclays set a $230.00 target price on shares of Baidu and gave the company a “hold” rating in a research report on Thursday, November 1st. Finally, Deutsche Bank set a $369.00 target price on shares of Baidu and gave the company a “buy” rating in a research report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $277.15.

Baidu stock traded up $5.06 during mid-day trading on Friday, reaching $188.28. The company’s stock had a trading volume of 2,936,045 shares, compared to its average volume of 2,506,961. The company has a market cap of $63.53 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 0.94 and a beta of 1.61. Baidu has a 12 month low of $175.32 and a 12 month high of $284.22. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.24.

A number of hedge funds have recently made changes to their positions in the business. Clearbridge Investments LLC lifted its stake in Baidu by 45.7% in the third quarter. Clearbridge Investments LLC now owns 136,611 shares of the information services provider’s stock valued at $31,240,000 after acquiring an additional 42,873 shares during the last quarter. GFS Advisors LLC acquired a new stake in Baidu in the third quarter valued at $309,000. Carnegie Capital Asset Management LLC lifted its stake in Baidu by 27.2% in the third quarter. Carnegie Capital Asset Management LLC now owns 22,707 shares of the information services provider’s stock valued at $4,247,000 after acquiring an additional 4,851 shares during the last quarter. Vanguard Group Inc. lifted its stake in Baidu by 1.1% in the third quarter. Vanguard Group Inc. now owns 9,668,953 shares of the information services provider’s stock valued at $2,211,097,000 after acquiring an additional 104,819 shares during the last quarter. Finally, Dodge & Cox lifted its stake in shares of Baidu by 12.6% during the 3rd quarter. Dodge & Cox now owns 3,821,913 shares of the information services provider’s stock worth $873,995,000 after buying an additional 427,876 shares during the last quarter. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Baidu Company Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

Further Reading: Dollar Cost Averaging

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Earnings History and Estimates for Baidu (NASDAQ:BIDU)

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