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Baidu Inc. (BIDU) Gains As Market Dips: What You Should Know
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Baidu Inc. (BIDU - Free Report) closed at $100.92 in the latest trading session, marking a +1.25% move from the prior day. This change outpaced the S&P 500's 0.92% loss on the day. Elsewhere, the Dow lost 1.17%, while the tech-heavy Nasdaq lost 0.28%.
Heading into today, shares of the web search company had gained 2.04% over the past month, lagging the Computer and Technology sector's gain of 16.87% and the S&P 500's gain of 15.69% in that time.
BIDU will be looking to display strength as it nears its next earnings release. In that report, analysts expect BIDU to post earnings of $0.73 per share. This would mark year-over-year growth of 78.05%. Meanwhile, our latest consensus estimate is calling for revenue of $3.13 billion, down 12.85% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.15 per share and revenue of $16.10 billion, which would represent changes of -4.41% and +3.83%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for BIDU. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 11.95% lower within the past month. BIDU currently has a Zacks Rank of #3 (Hold).
Digging into valuation, BIDU currently has a Forward P/E ratio of 13.94. Its industry sports an average Forward P/E of 27.27, so we one might conclude that BIDU is trading at a discount comparatively.
Meanwhile, BIDU's PEG ratio is currently 1.55. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. BIDU's industry had an average PEG ratio of 2.38 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 47, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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) Gains As Market Dips: What You Should Know
Baidu Inc. (BIDU - Free Report) closed at $100.92 in the latest trading session, marking a +1.25% move from the prior day. This change outpaced the S&P 500's 0.92% loss on the day. Elsewhere, the Dow lost 1.17%, while the tech-heavy Nasdaq lost 0.28%.
Heading into today, shares of the web search company had gained 2.04% over the past month, lagging the Computer and Technology sector's gain of 16.87% and the S&P 500's gain of 15.69% in that time.
BIDU will be looking to display strength as it nears its next earnings release. In that report, analysts expect BIDU to post earnings of $0.73 per share. This would mark year-over-year growth of 78.05%. Meanwhile, our latest consensus estimate is calling for revenue of $3.13 billion, down 12.85% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.15 per share and revenue of $16.10 billion, which would represent changes of -4.41% and +3.83%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for BIDU. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 11.95% lower within the past month. BIDU currently has a Zacks Rank of #3 (Hold).
Digging into valuation, BIDU currently has a Forward P/E ratio of 13.94. Its industry sports an average Forward P/E of 27.27, so we one might conclude that BIDU is trading at a discount comparatively.
Meanwhile, BIDU's PEG ratio is currently 1.55. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. BIDU's industry had an average PEG ratio of 2.38 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 47, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.