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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 $85.36, moving -1.94% from the previous trading session. This change lagged the S&P 500's daily loss of 0.22%. Elsewhere, the Dow saw a downswing of 0.66%, while the tech-heavy Nasdaq depreciated by 0.22%.
Shares of the web search company witnessed a loss of 5.94% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.54%, and the S&P 500's gain of 1.4%.
Analysts and investors alike will be keeping a close eye on the performance of Baidu Inc. in its upcoming earnings disclosure. In that report, analysts expect Baidu Inc. to post earnings of $1.42 per share. This would mark a year-over-year decline of 8.97%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.56 billion, up 4.02% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.66 per share and revenue of $18.88 billion. These totals would mark changes of -25.92% and +4.31%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Baidu Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Baidu Inc. is currently a Zacks Rank #5 (Strong Sell).
With respect to valuation, Baidu Inc. is currently being traded at a Forward P/E ratio of 15.38. This represents a premium compared to its industry average Forward P/E of 15.33.
Meanwhile, BIDU's PEG ratio is currently 2.94. 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. BIDU's industry had an average PEG ratio of 1.82 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 191, placing it within the bottom 23% of over 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.
View the Zacks #1 Rank List
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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 $85.36, moving -1.94% from the previous trading session. This change lagged the S&P 500's daily loss of 0.22%. Elsewhere, the Dow saw a downswing of 0.66%, while the tech-heavy Nasdaq depreciated by 0.22%.
Shares of the web search company witnessed a loss of 5.94% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.54%, and the S&P 500's gain of 1.4%.
Analysts and investors alike will be keeping a close eye on the performance of Baidu Inc. in its upcoming earnings disclosure. In that report, analysts expect Baidu Inc. to post earnings of $1.42 per share. This would mark a year-over-year decline of 8.97%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.56 billion, up 4.02% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.66 per share and revenue of $18.88 billion. These totals would mark changes of -25.92% and +4.31%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Baidu Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Baidu Inc. is currently a Zacks Rank #5 (Strong Sell).
With respect to valuation, Baidu Inc. is currently being traded at a Forward P/E ratio of 15.38. This represents a premium compared to its industry average Forward P/E of 15.33.
Meanwhile, BIDU's PEG ratio is currently 2.94. 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. BIDU's industry had an average PEG ratio of 1.82 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 191, placing it within the bottom 23% of over 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.