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Why Baidu Inc. (BIDU) Dipped More Than Broader Market Today
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Baidu Inc. (BIDU - Free Report) closed the most recent trading day at $109.90, moving -4.94% from the previous trading session. This move lagged the S&P 500's daily loss of 1.74%. Elsewhere, the Dow lost 1.01%, while the tech-heavy Nasdaq lost 2.38%.
Shares of the web search company have depreciated by 12.85% over the course of the past month, underperforming the Computer and Technology sector's loss of 5.77%, and the S&P 500's loss of 4.99%.
Market participants will be closely following the financial results of Baidu Inc. in its upcoming release. The company is forecasted to report an EPS of $2.12, showcasing a 16.86% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $4.67 billion, up 4.45% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.91 per share and a revenue of $20.02 billion, signifying shifts of +29.71% and +10.59%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Baidu Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.11% upward. Baidu Inc. currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Baidu Inc. is holding a Forward P/E ratio of 11.67. For comparison, its industry has an average Forward P/E of 15.83, which means Baidu Inc. is trading at a discount to the group.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 27% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Why Baidu Inc. (BIDU) Dipped More Than Broader Market Today
Baidu Inc. (BIDU - Free Report) closed the most recent trading day at $109.90, moving -4.94% from the previous trading session. This move lagged the S&P 500's daily loss of 1.74%. Elsewhere, the Dow lost 1.01%, while the tech-heavy Nasdaq lost 2.38%.
Shares of the web search company have depreciated by 12.85% over the course of the past month, underperforming the Computer and Technology sector's loss of 5.77%, and the S&P 500's loss of 4.99%.
Market participants will be closely following the financial results of Baidu Inc. in its upcoming release. The company is forecasted to report an EPS of $2.12, showcasing a 16.86% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $4.67 billion, up 4.45% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.91 per share and a revenue of $20.02 billion, signifying shifts of +29.71% and +10.59%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Baidu Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.11% upward. Baidu Inc. currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Baidu Inc. is holding a Forward P/E ratio of 11.67. For comparison, its industry has an average Forward P/E of 15.83, which means Baidu Inc. is trading at a discount to the group.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 27% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.