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Why the Market Dipped But Baidu Inc. (BIDU) Gained Today
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Baidu Inc. (BIDU - Free Report) closed at $127.75 in the latest trading session, marking a +1.28% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.24%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 0.26%.
Shares of the web search company witnessed a gain of 10.39% over the previous month, beating the performance of the Computer and Technology sector with its gain of 9.41%, and the S&P 500's gain of 6.42%.
The investment community will be closely monitoring the performance of Baidu Inc. in its forthcoming earnings report. The company is forecasted to report an EPS of $1.87, showcasing a 26.67% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $4.66 billion, up 4.27% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.21 per share and revenue of $20.02 billion. These totals would mark changes of +7.46% and +10.6%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Baidu Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 16.28% downward. Baidu Inc. is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, Baidu Inc. is holding a Forward P/E ratio of 15.36. This indicates a premium in contrast to its industry's Forward P/E of 14.94.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 184, this industry ranks in the bottom 25% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Why the Market Dipped But Baidu Inc. (BIDU) Gained Today
Baidu Inc. (BIDU - Free Report) closed at $127.75 in the latest trading session, marking a +1.28% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.24%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 0.26%.
Shares of the web search company witnessed a gain of 10.39% over the previous month, beating the performance of the Computer and Technology sector with its gain of 9.41%, and the S&P 500's gain of 6.42%.
The investment community will be closely monitoring the performance of Baidu Inc. in its forthcoming earnings report. The company is forecasted to report an EPS of $1.87, showcasing a 26.67% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $4.66 billion, up 4.27% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.21 per share and revenue of $20.02 billion. These totals would mark changes of +7.46% and +10.6%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Baidu Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 16.28% downward. Baidu Inc. is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, Baidu Inc. is holding a Forward P/E ratio of 15.36. This indicates a premium in contrast to its industry's Forward P/E of 14.94.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 184, this industry ranks in the bottom 25% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.