Brokerages Anticipate Baidu, Inc. (NASDAQ:BIDU) to report earnings of $0.82 per share


Stock analysts expect Baidu, Inc. (NASDAQ: BIDUGet a rating) to report earnings per share of $0.82 for the current fiscal quarter, Zacks Investment Research reports. Two analysts provided earnings estimates for Baidu. The highest EPS estimate is $0.96 and the lowest is $0.68. Baidu reported earnings of $1.89 per share in the same quarter last year, suggesting a negative 56.6% year-over-year growth rate. The company is expected to release its next results on Monday, January 1.

On average, analysts expect Baidu to report annual earnings of $8.24 per share for the current year, with EPS estimates ranging from $7.92 to $8.56. For the next fiscal year, analysts expect the company to post earnings of $11.32 per share, with EPS estimates ranging from $10.32 to $12.32. Zacks EPS averages are an average average based on a survey of sell-side analysts who follow Baidu.

Several equity analysts have recently commented on the company. StockNews.com assumed coverage on Baidu in a Thursday, March 31, research note. They have placed a “holding” rating on the stock. Susquehanna raised its target price on Baidu from $175.00 to $200.00 and gave the company a “positive” rating in a Thursday, March 3 research note. Jefferies Financial Group reduced its target price on Baidu from $272.00 to $270.00 in a Thursday, April 7 research note. JPMorgan Chase & Co. downgraded Baidu from an “overweight” rating to an “underweight” rating and set a target price of $90.00 for the stock. in a Monday, March 14 research note. Finally, Mizuho cut its target price on Baidu from $305.00 to $300.00 and set a “buy” rating on the stock in a Monday, January 31 research note. Three equity research analysts gave the stock a sell rating, three gave the company a hold rating and fifteen gave the company a buy rating. According to MarketBeat.com, Baidu currently has a consensus rating of “Buy” and a consensus price target of $252.28.

Several institutional investors have recently increased or reduced their stake in the stock. BlackRock Inc. increased its holdings of Baidu shares by 1.2% during the third quarter. BlackRock Inc. now owns 13,610,256 shares of the information services provider worth $2,092,576,000 after purchasing an additional 167,792 shares during the period. Primecap Management Co. CA increased its stake in Baidu by 0.8% in the third quarter. Primecap Management Co. CA now owns 9,569,134 shares of the information services provider valued at $1,471,254,000 after acquiring an additional 73,849 shares during the period. Dodge & Cox increased its stake in Baidu by 8.6% in the fourth quarter. Dodge & Cox now owns 6,831,355 shares of the information services provider valued at $1,016,437,000 after acquiring an additional 543,004 shares during the period. State Street Corp increased its stake in Baidu by 1.4% in the fourth quarter. State Street Corp now owns 5,601,587 shares of the information services provider valued at $833,460,000 after acquiring an additional 74,626 shares during the period. Finally, Black Creek Investment Management Inc. increased its stake in Baidu by 17.1% in the fourth quarter. Black Creek Investment Management Inc. now owns 2,838,624 shares of the information services provider valued at $422,359,000 after acquiring an additional 413,667 shares during the period. 72.89% of the shares are held by hedge funds and other institutional investors.

Shares of Baidu stock traded at $3.62 during Friday’s trading, reaching $124.17. 5,512,189 shares of the stock traded in hands, compared to its average volume of 3,547,707. The company has a market capitalization of $42.91 billion, a P/E ratio of 29.35, a price/ earnings growth of 12.82 and a beta of 0.92. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt ratio of 0.32. Baidu has a 52-week low of $102.18 and a 52-week high of $214.42. The stock’s fifty-day simple moving average is $138.02 and its 200-day simple moving average is $149.69.

About Baidu (Get a rating)

Baidu, Inc provides Internet search services in China. It operates through Baidu Core and iQIYI segments. The company offers the Baidu app for accessing search, feeds and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed which provides users with a personalized schedule based on their demographics and interests; and Haokan, a short video app.

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