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Baidu Inc. (BIDU) Dips More Than Broader Market: What You Should Know
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Baidu Inc. (BIDU - Free Report) ended the recent trading session at $89.78, demonstrating a -2.87% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.76%. Elsewhere, the Dow saw a downswing of 0.68%, while the tech-heavy Nasdaq depreciated by 1.13%.
Heading into today, shares of the web search company had lost 1.07% over the past month, lagging the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%.
The investment community will be paying close attention to the earnings performance of Baidu Inc. in its upcoming release. The company is forecasted to report an EPS of $1.42, showcasing a 8.97% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.56 billion, up 4.02% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.66 per share and a revenue of $18.88 billion, signifying shifts of -25.92% and +4.31%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Baidu Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Baidu Inc. is holding a Zacks Rank of #5 (Strong Sell) right now.
Looking at its valuation, Baidu Inc. is holding a Forward P/E ratio of 16.33. This valuation marks a premium compared to its industry average Forward P/E of 16.02.
It's also important to note that BIDU currently trades at a PEG ratio of 3.12. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Services industry currently had an average PEG ratio of 1.67 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 181, positioning it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
View the Zacks #1 Rank List
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Baidu Inc. (BIDU) Dips More Than Broader Market: What You Should Know
Baidu Inc. (BIDU - Free Report) ended the recent trading session at $89.78, demonstrating a -2.87% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.76%. Elsewhere, the Dow saw a downswing of 0.68%, while the tech-heavy Nasdaq depreciated by 1.13%.
Heading into today, shares of the web search company had lost 1.07% over the past month, lagging the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%.
The investment community will be paying close attention to the earnings performance of Baidu Inc. in its upcoming release. The company is forecasted to report an EPS of $1.42, showcasing a 8.97% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.56 billion, up 4.02% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.66 per share and a revenue of $18.88 billion, signifying shifts of -25.92% and +4.31%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Baidu Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Baidu Inc. is holding a Zacks Rank of #5 (Strong Sell) right now.
Looking at its valuation, Baidu Inc. is holding a Forward P/E ratio of 16.33. This valuation marks a premium compared to its industry average Forward P/E of 16.02.
It's also important to note that BIDU currently trades at a PEG ratio of 3.12. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Services industry currently had an average PEG ratio of 1.67 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 181, positioning it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.