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Baidu Inc. (BIDU) Outperforms Broader Market: What You Need to Know
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Baidu Inc. (BIDU - Free Report) closed the most recent trading day at $87.51, moving +1.38% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.54%. At the same time, the Dow added 0.52%, and the tech-heavy Nasdaq gained 0.74%.
Shares of the web search company have appreciated by 2.11% over the course of the past month, underperforming the Computer and Technology sector's gain of 5.77%, and the S&P 500's gain of 4.2%.
Analysts and investors alike will be keeping a close eye on the performance of Baidu Inc. in its upcoming earnings disclosure. On that day, Baidu Inc. is projected to report earnings of $2.05 per share, which would represent a year-over-year decline of 29.07%. Simultaneously, our latest consensus estimate expects the revenue to be $4.61 billion, showing a 1.37% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.28 per share and revenue of $18.73 billion, which would represent changes of -11.87% and +1.28%, respectively, from the prior year.
Any recent changes to analyst estimates for Baidu Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Baidu Inc. currently has a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Baidu Inc. is currently exchanging hands at a Forward P/E ratio of 9.3. This represents a discount compared to its industry average Forward P/E of 19.88.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 73, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Baidu Inc. (BIDU) Outperforms Broader Market: What You Need to Know
Baidu Inc. (BIDU - Free Report) closed the most recent trading day at $87.51, moving +1.38% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.54%. At the same time, the Dow added 0.52%, and the tech-heavy Nasdaq gained 0.74%.
Shares of the web search company have appreciated by 2.11% over the course of the past month, underperforming the Computer and Technology sector's gain of 5.77%, and the S&P 500's gain of 4.2%.
Analysts and investors alike will be keeping a close eye on the performance of Baidu Inc. in its upcoming earnings disclosure. On that day, Baidu Inc. is projected to report earnings of $2.05 per share, which would represent a year-over-year decline of 29.07%. Simultaneously, our latest consensus estimate expects the revenue to be $4.61 billion, showing a 1.37% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.28 per share and revenue of $18.73 billion, which would represent changes of -11.87% and +1.28%, respectively, from the prior year.
Any recent changes to analyst estimates for Baidu Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Baidu Inc. currently has a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Baidu Inc. is currently exchanging hands at a Forward P/E ratio of 9.3. This represents a discount compared to its industry average Forward P/E of 19.88.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 73, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.