Baidu Inc (NASDAQ:BIDU) Expected to Post Earnings of $1.79 Per Share

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Wall Street brokerages expect Baidu Inc (NASDAQ:BIDU) to post earnings per share of $1.79 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Baidu’s earnings. The highest EPS estimate is $1.99 and the lowest is $1.58. Baidu reported earnings of $1.92 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 6.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 20th.

According to Zacks, analysts expect that Baidu will report full year earnings of $5.58 per share for the current year, with EPS estimates ranging from $5.49 to $5.75. For the next year, analysts expect that the company will post earnings of $8.45 per share, with EPS estimates ranging from $7.88 to $8.83. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Baidu.

Several equities research analysts recently commented on the company. BidaskClub raised Baidu from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 18th. Macquarie assumed coverage on Baidu in a report on Wednesday, November 27th. They set a “neutral” rating and a $134.00 target price on the stock. CICC Research raised Baidu from a “neutral” rating to an “outperform” rating in a report on Thursday, November 7th. Loop Capital boosted their target price on Baidu from $110.00 to $125.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. They noted that the move was a valuation call. Finally, Sanford C. Bernstein raised Baidu from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $118.00 to $139.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $146.00.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. increased its holdings in shares of Baidu by 185.2% in the third quarter. Sunbelt Securities Inc. now owns 5,932 shares of the information services provider’s stock valued at $610,000 after buying an additional 3,852 shares in the last quarter. Capital Investment Advisory Services LLC increased its holdings in shares of Baidu by 2,061.5% in the second quarter. Capital Investment Advisory Services LLC now owns 562 shares of the information services provider’s stock valued at $63,000 after buying an additional 536 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Baidu by 23.5% in the second quarter. Asset Management One Co. Ltd. now owns 93,635 shares of the information services provider’s stock valued at $10,988,000 after buying an additional 17,840 shares in the last quarter. Parallel Advisors LLC raised its stake in Baidu by 17.8% during the 3rd quarter. Parallel Advisors LLC now owns 1,276 shares of the information services provider’s stock valued at $131,000 after purchasing an additional 193 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Baidu by 11.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 27,793 shares of the information services provider’s stock valued at $3,262,000 after purchasing an additional 2,780 shares during the period. 52.15% of the stock is currently owned by institutional investors.

NASDAQ:BIDU traded up $0.11 during midday trading on Wednesday, hitting $126.40. 1,859,437 shares of the stock were exchanged, compared to its average volume of 2,807,893. Baidu has a one year low of $93.39 and a one year high of $186.22. The company has a market capitalization of $44.12 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 16.62 and a beta of 1.77. The business has a 50-day moving average price of $120.49 and a two-hundred day moving average price of $111.10. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.35.

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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