In the latest trading session, Baidu Inc. (BIDU - Free Report) closed at $167.93, marking a -0.81% move from the previous day. This move lagged the S&P 500's daily loss of 0.04%. At the same time, the Dow lost 0.51%, and the tech-heavy Nasdaq gained 0.21%.
Coming into today, shares of the web search company had gained 3.05% in the past month. In that same time, the Computer and Technology sector gained 5.87%, while the S&P 500 gained 4.65%.
BIDU will be looking to display strength as it nears its next earnings release, which is expected to be May 16, 2019. The company is expected to report EPS of $0.54, down 79.23% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.61 billion, up 8.42% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.61 per share and revenue of $17.75 billion. These totals would mark changes of -21.06% and +15.83%, respectively, from last year.
Any recent changes to analyst estimates for BIDU should also be noted by investors. 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 company's business outlook.
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. Over the past month, the Zacks Consensus EPS estimate has moved 35.3% lower. BIDU is currently a Zacks Rank #5 (Strong Sell).
Looking at its valuation, BIDU is holding a Forward P/E ratio of 22.25. This represents a discount compared to its industry's average Forward P/E of 36.73.
We can also see that BIDU currently has a PEG ratio of 2.84. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. BIDU's industry had an average PEG ratio of 3.61 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 153, putting it in the bottom 40% 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.
To follow BIDU in the coming trading sessions, be sure to utilize Zacks.com.