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Baidu Inc. (BIDU) Stock Moves -1.07%: What You Should Know
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In the latest close session, Baidu Inc. (BIDU - Free Report) was down 1.07% at $77.98. The stock's change was more than the S&P 500's daily loss of 1.21%. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq lost 2.6%.
Prior to today's trading, shares of the web search company had lost 12.21% lagged the Computer and Technology sector's loss of 3.87% and the S&P 500's loss of 0.03%.
The investment community will be paying close attention to the earnings performance of Baidu Inc. in its upcoming release. The company's upcoming EPS is projected at $1.42, signifying a 8.97% drop compared to the same quarter of the previous 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 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.
Any recent changes to analyst estimates for Baidu Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 remained steady. As of now, Baidu Inc. holds a Zacks Rank of #3 (Hold).
In terms of valuation, Baidu Inc. is presently being traded at a Forward P/E ratio of 13.93. This expresses a discount compared to the average Forward P/E of 14.61 of its industry.
We can also see that BIDU currently has a PEG ratio of 2.66. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. BIDU's industry had an average PEG ratio of 1.64 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 76, positioning it in the top 31% of all 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.
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) Stock Moves -1.07%: What You Should Know
In the latest close session, Baidu Inc. (BIDU - Free Report) was down 1.07% at $77.98. The stock's change was more than the S&P 500's daily loss of 1.21%. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq lost 2.6%.
Prior to today's trading, shares of the web search company had lost 12.21% lagged the Computer and Technology sector's loss of 3.87% and the S&P 500's loss of 0.03%.
The investment community will be paying close attention to the earnings performance of Baidu Inc. in its upcoming release. The company's upcoming EPS is projected at $1.42, signifying a 8.97% drop compared to the same quarter of the previous 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 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.
Any recent changes to analyst estimates for Baidu Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 remained steady. As of now, Baidu Inc. holds a Zacks Rank of #3 (Hold).
In terms of valuation, Baidu Inc. is presently being traded at a Forward P/E ratio of 13.93. This expresses a discount compared to the average Forward P/E of 14.61 of its industry.
We can also see that BIDU currently has a PEG ratio of 2.66. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. BIDU's industry had an average PEG ratio of 1.64 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 76, positioning it in the top 31% of all 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.