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Is Baidu (BIDU) Stock Outpacing Its Computer and Technology Peers This Year?

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For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Baidu (BIDU - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

Baidu is a member of the Computer and Technology sector. This group includes 621 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BIDU is currently sporting a Zacks Rank of #5 (Strong Sell).

Within the past quarter, the Zacks Consensus Estimate for BIDU's full-year earnings has moved -21.38% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, BIDU has moved about -7.52% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 10.51% on average. This shows that Baidu is outperforming its peers so far this year.

Looking more specifically, BIDU belongs to the Internet - Services industry, a group that includes 49 individual stocks and currently sits at #197 in the Zacks Industry Rank. On average, this group has gained an average of 23.49% so far this year, meaning that BIDU is slightly underperforming its industry in terms of year-to-date returns.

BIDU will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.


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