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Baidu Inc. (BIDU) Outpaces Stock Market Gains: What You Should Know
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Baidu Inc. (BIDU - Free Report) closed at $170.98 in the latest trading session, marking a +0.38% move from the prior day. This move outpaced the S&P 500's daily gain of 0.16%. At the same time, the Dow added 0.42%, and the tech-heavy Nasdaq gained 0.03%.
Coming into today, shares of the web search company had gained 0.09% in the past month. In that same time, the Computer and Technology sector gained 4.43%, while the S&P 500 gained 2.89%.
Investors will be hoping for strength from BIDU as it approaches its next earnings release. The company is expected to report EPS of $0.63, down 75.77% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.61 billion, up 8.42% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.22 per share and revenue of $17.74 billion, which would represent changes of -14.73% and +15.74%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for BIDU. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 14.27% lower. BIDU is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note BIDU's current valuation metrics, including its Forward P/E ratio of 20.73. For comparison, its industry has an average Forward P/E of 30.19, which means BIDU is trading at a discount to the group.
Also, we should mention that BIDU has a PEG ratio of 2.64. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. BIDU's industry had an average PEG ratio of 3.46 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 158, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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) Outpaces Stock Market Gains: What You Should Know
Baidu Inc. (BIDU - Free Report) closed at $170.98 in the latest trading session, marking a +0.38% move from the prior day. This move outpaced the S&P 500's daily gain of 0.16%. At the same time, the Dow added 0.42%, and the tech-heavy Nasdaq gained 0.03%.
Coming into today, shares of the web search company had gained 0.09% in the past month. In that same time, the Computer and Technology sector gained 4.43%, while the S&P 500 gained 2.89%.
Investors will be hoping for strength from BIDU as it approaches its next earnings release. The company is expected to report EPS of $0.63, down 75.77% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.61 billion, up 8.42% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.22 per share and revenue of $17.74 billion, which would represent changes of -14.73% and +15.74%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for BIDU. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 14.27% lower. BIDU is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note BIDU's current valuation metrics, including its Forward P/E ratio of 20.73. For comparison, its industry has an average Forward P/E of 30.19, which means BIDU is trading at a discount to the group.
Also, we should mention that BIDU has a PEG ratio of 2.64. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. BIDU's industry had an average PEG ratio of 3.46 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 158, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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.