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Baidu Inc. (BIDU) Declines More Than Market: Some Information for Investors
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Baidu Inc. (BIDU - Free Report) closed at $79.91 in the latest trading session, marking a -3.21% move from the prior day. This change lagged the S&P 500's daily loss of 1.09%. Elsewhere, the Dow saw a downswing of 0.34%, while the tech-heavy Nasdaq depreciated by 2.15%.
The web search company's shares have seen a decrease of 8.3% over the last month, not keeping up with the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%.
Market participants will be closely following the financial results of Baidu Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $1.42, reflecting a 8.97% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.56 billion, indicating a 4.02% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $5.66 per share and a revenue of $18.88 billion, demonstrating changes of -25.92% and +4.31%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Baidu Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Baidu Inc. possesses a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Baidu Inc. is holding a Forward P/E ratio of 14.59. This denotes a discount relative to the industry average Forward P/E of 14.82.
One should further note that BIDU currently holds a PEG ratio of 2.78. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Services industry had an average PEG ratio of 1.68 as trading concluded yesterday.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Baidu Inc. (BIDU) Declines More Than Market: Some Information for Investors
Baidu Inc. (BIDU - Free Report) closed at $79.91 in the latest trading session, marking a -3.21% move from the prior day. This change lagged the S&P 500's daily loss of 1.09%. Elsewhere, the Dow saw a downswing of 0.34%, while the tech-heavy Nasdaq depreciated by 2.15%.
The web search company's shares have seen a decrease of 8.3% over the last month, not keeping up with the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%.
Market participants will be closely following the financial results of Baidu Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $1.42, reflecting a 8.97% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.56 billion, indicating a 4.02% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $5.66 per share and a revenue of $18.88 billion, demonstrating changes of -25.92% and +4.31%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Baidu Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Baidu Inc. possesses a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Baidu Inc. is holding a Forward P/E ratio of 14.59. This denotes a discount relative to the industry average Forward P/E of 14.82.
One should further note that BIDU currently holds a PEG ratio of 2.78. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Services industry had an average PEG ratio of 1.68 as trading concluded yesterday.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.