Zacks: Brokerages Expect Baidu Inc (NASDAQ:BIDU) to Post $1.79 EPS

Equities research analysts expect that Baidu Inc (NASDAQ:BIDU) will report $1.79 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Baidu’s earnings, with the highest EPS estimate coming in at $1.99 and the lowest estimate coming in at $1.58. Baidu reported earnings of $1.92 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.8%. The firm is expected to announce its next earnings report on Thursday, February 20th.

On average, analysts expect that Baidu will report full year earnings of $5.58 per share for the current fiscal year, with EPS estimates ranging from $5.49 to $5.75. For the next year, analysts anticipate that the firm will post earnings of $8.45 per share, with EPS estimates ranging from $7.88 to $8.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Baidu.

BIDU has been the topic of a number of recent research reports. Loop Capital increased their price objective on Baidu from $110.00 to $125.00 and gave the company a “hold” rating in a research report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research upgraded Baidu from a “hold” rating to a “strong-buy” rating and set a $136.00 price objective on the stock in a research report on Thursday, November 14th. Oppenheimer upgraded Baidu from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $124.56 to $145.00 in a research report on Monday, November 11th. HSBC increased their price objective on Baidu from $137.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Sanford C. Bernstein upgraded Baidu from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $118.00 to $139.00 in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Baidu presently has a consensus rating of “Buy” and an average target price of $146.00.

BIDU traded down $0.90 during mid-day trading on Tuesday, reaching $115.85. The stock had a trading volume of 2,649,538 shares, compared to its average volume of 3,314,083. The stock has a market capitalization of $40.79 billion, a P/E ratio of 14.85, a P/E/G ratio of 15.36 and a beta of 1.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.59 and a current ratio of 2.59. The firm’s fifty day simple moving average is $112.60 and its two-hundred day simple moving average is $109.84. Baidu has a 52 week low of $93.39 and a 52 week high of $186.22.

Several large investors have recently bought and sold shares of BIDU. Vanguard Group Inc. lifted its holdings in Baidu by 0.9% during the second quarter. Vanguard Group Inc. now owns 10,111,996 shares of the information services provider’s stock worth $1,186,744,000 after acquiring an additional 89,489 shares in the last quarter. Invesco Ltd. lifted its holdings in Baidu by 4.2% during the second quarter. Invesco Ltd. now owns 5,632,774 shares of the information services provider’s stock worth $661,062,000 after acquiring an additional 228,312 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Baidu by 9.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,078,061 shares of the information services provider’s stock worth $419,062,000 after acquiring an additional 367,011 shares in the last quarter. Comgest Global Investors S.A.S. lifted its holdings in Baidu by 0.7% during the second quarter. Comgest Global Investors S.A.S. now owns 3,131,855 shares of the information services provider’s stock worth $367,555,000 after acquiring an additional 22,500 shares in the last quarter. Finally, Tweedy Browne Co LLC lifted its holdings in Baidu by 64.8% during the second quarter. Tweedy Browne Co LLC now owns 2,367,889 shares of the information services provider’s stock worth $277,895,000 after acquiring an additional 930,874 shares in the last quarter. Institutional investors and hedge funds own 52.16% 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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Earnings History and Estimates for Baidu (NASDAQ:BIDU)

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