Baidu Inc. (BIDU - Free Report) closed the most recent trading day at $166.91, moving -0.03% from the previous trading session. This change lagged the S&P 500's 0.3% gain on the day. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq added 0.44%.
Coming into today, shares of the web search company had lost 0.65% in the past month. In that same time, the Computer and Technology sector gained 4.56%, while the S&P 500 gained 2.91%.
Wall Street will be looking for positivity from BIDU as it approaches its next earnings report date. On that day, BIDU is projected to report earnings of $1.35 per share, which would represent a year-over-year decline of 48.08%.
BIDU's full-year Zacks Consensus Estimates are calling for earnings of $9.28 per share and revenue of $17.02 billion. These results would represent year-over-year changes of -3.73% and +11.05%, respectively.
Investors should also note any recent changes to analyst estimates for BIDU. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. Within the past 30 days, our consensus EPS projection has moved 9.58% lower. BIDU is currently a Zacks Rank #5 (Strong Sell).
Looking at its valuation, BIDU is holding a Forward P/E ratio of 17.99. This valuation marks a discount compared to its industry's average Forward P/E of 24.89.
It is also worth noting that BIDU currently has a PEG ratio of 1.06. 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. Internet - Services stocks are, on average, holding a PEG ratio of 2.7 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 146, which puts it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
You can find more information on all of these metrics, and much more, on Zacks.com.