Baidu Inc (NASDAQ:BIDU) Expected to Post Earnings of $2.68 Per Share

Equities research analysts predict that Baidu Inc (NASDAQ:BIDU) will post earnings of $2.68 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Baidu’s earnings, with the lowest EPS estimate coming in at $1.64 and the highest estimate coming in at $3.72. Baidu posted earnings per share of $1.92 in the same quarter last year, which would suggest a positive year over year growth rate of 39.6%. The company is scheduled to announce its next earnings results after the market closes on Thursday, February 27th.

On average, analysts expect that Baidu will report full year earnings of $6.12 per share for the current financial year, with EPS estimates ranging from $5.37 to $7.51. For the next year, analysts expect that the company will post earnings of $8.66 per share, with EPS estimates ranging from $7.82 to $9.54. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Baidu.

A number of research firms recently weighed in on BIDU. KeyCorp increased their price target on Baidu from $155.00 to $161.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Loop Capital increased their price objective on Baidu from $110.00 to $125.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. They noted that the move was a valuation call. Mizuho increased their price objective on Baidu from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. CLSA reissued a “buy” rating and issued a $164.50 price objective on shares of Baidu in a research note on Wednesday, January 29th. Finally, BidaskClub downgraded Baidu from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $147.92.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIDU. State Street Corp lifted its position in shares of Baidu by 3.6% during the 4th quarter. State Street Corp now owns 6,051,687 shares of the information services provider’s stock worth $764,933,000 after buying an additional 208,886 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Baidu by 3.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,220,711 shares of the information services provider’s stock worth $533,497,000 after buying an additional 142,650 shares during the period. UBS Asset Management Americas Inc. raised its position in Baidu by 129.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 2,139,217 shares of the information services provider’s stock valued at $270,397,000 after purchasing an additional 1,204,980 shares during the last quarter. Pictet Asset Management Ltd. raised its position in Baidu by 16.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,955,119 shares of the information services provider’s stock valued at $200,908,000 after purchasing an additional 280,904 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Baidu by 165.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,916,977 shares of the information services provider’s stock valued at $242,306,000 after purchasing an additional 1,195,277 shares during the last quarter. 52.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:BIDU traded down $0.61 during midday trading on Friday, reaching $134.57. The company had a trading volume of 1,696,492 shares, compared to its average volume of 4,318,928. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.59 and a current ratio of 2.59. Baidu has a 1-year low of $93.39 and a 1-year high of $186.22. The firm has a market cap of $47.22 billion, a price-to-earnings ratio of -149.52, a price-to-earnings-growth ratio of 2.89 and a beta of 1.79. The company has a fifty day simple moving average of $133.18 and a two-hundred day simple moving average of $115.25.

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.

Read More: How much money do you need to begin day trading?

Get a free copy of the Zacks research report on Baidu (BIDU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.