Baidu Inc (BIDU) Expected to Announce Earnings of $0.79 Per Share

Wall Street analysts forecast that Baidu Inc (NASDAQ:BIDU) will announce $0.79 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Baidu’s earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $0.85. Baidu posted earnings per share of $2.60 during the same quarter last year, which would indicate a negative year-over-year growth rate of 69.6%. The company is expected to issue its next quarterly earnings report on Thursday, April 25th.

On average, analysts expect that Baidu will report full year earnings of $8.88 per share for the current fiscal year, with EPS estimates ranging from $8.46 to $9.12. For the next fiscal year, analysts expect that the firm will post earnings of $12.68 per share, with EPS estimates ranging from $11.22 to $15.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Baidu.

A number of brokerages recently weighed in on BIDU. Zacks Investment Research cut shares of Baidu from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th. TheStreet cut Baidu from a “b-” rating to a “c+” rating in a research report on Friday, December 21st. Daiwa Capital Markets set a $215.00 price target on Baidu and gave the company a “buy” rating in a research report on Friday, March 8th. Sanford C. Bernstein reiterated a “mkt perform” rating on shares of Baidu in a research report on Monday, January 14th. Finally, Credit Suisse Group set a $246.00 price target on Baidu and gave the company a “buy” rating in a research report on Sunday, December 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $248.13.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Baidu by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 9,668,953 shares of the information services provider’s stock valued at $2,211,097,000 after buying an additional 104,819 shares during the last quarter. Vanguard Group Inc boosted its position in Baidu by 1.1% during the third quarter. Vanguard Group Inc now owns 9,668,953 shares of the information services provider’s stock worth $2,211,097,000 after acquiring an additional 104,819 shares during the last quarter. Franklin Resources Inc. raised its stake in Baidu by 1.9% during the third quarter. Franklin Resources Inc. now owns 5,260,903 shares of the information services provider’s stock worth $1,203,091,000 after purchasing an additional 95,851 shares during the period. Dodge & Cox raised its stake in shares of Baidu by 12.6% in the 3rd quarter. Dodge & Cox now owns 3,821,913 shares of the information services provider’s stock valued at $873,995,000 after acquiring an additional 427,876 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in Baidu by 9.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,607,166 shares of the information services provider’s stock worth $572,096,000 after buying an additional 306,202 shares during the period. Institutional investors own 63.06% of the company’s stock.

Shares of NASDAQ BIDU traded up $0.58 during midday trading on Tuesday, reaching $170.98. 2,557,671 shares of the company traded hands, compared to its average volume of 3,014,452. Baidu has a 52 week low of $153.78 and a 52 week high of $284.22. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.31. The stock has a market cap of $59.96 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.83 and a beta of 1.47.

About Baidu

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; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

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