Analysts predict that Baidu Inc (NASDAQ:BIDU) will announce $2.11 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Baidu’s earnings, with estimates ranging from $1.73 to $2.74. Baidu posted earnings per share of $2.29 in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.9%. The firm is expected to announce its next earnings report on Tuesday, February 12th.

On average, analysts expect that Baidu will report full year earnings of $10.01 per share for the current fiscal year, with EPS estimates ranging from $9.32 to $10.39. For the next financial year, analysts forecast that the business will report earnings of $10.65 per share, with EPS estimates ranging from $9.48 to $12.71. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Baidu.

Several brokerages have commented on BIDU. BidaskClub lowered Baidu from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Zacks Investment Research raised Baidu from a “sell” rating to a “hold” rating in a report on Monday, July 23rd. Deutsche Bank set a $337.00 price objective on Baidu and gave the company a “buy” rating in a report on Wednesday, August 1st. ValuEngine raised Baidu from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Finally, KeyCorp set a $297.00 price objective on Baidu and gave the company a “buy” rating in a report on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $278.86.

Shares of BIDU opened at $183.75 on Thursday. The company has a current ratio of 2.66, a quick ratio of 2.19 and a debt-to-equity ratio of 0.24. Baidu has a 12 month low of $177.80 and a 12 month high of $284.22. The company has a market capitalization of $65.38 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 0.96 and a beta of 1.61.

Large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Baidu by 29.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 328,537 shares of the information services provider’s stock worth $79,835,000 after acquiring an additional 74,585 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Baidu by 6,361.9% in the second quarter. Marshall Wace LLP now owns 96,735 shares of the information services provider’s stock worth $23,507,000 after acquiring an additional 95,238 shares during the last quarter. TCW Group Inc. acquired a new stake in shares of Baidu in the second quarter worth approximately $29,277,000. Guinness Asset Management Ltd boosted its stake in shares of Baidu by 11.6% in the second quarter. Guinness Asset Management Ltd now owns 26,840 shares of the information services provider’s stock worth $6,523,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Baidu by 3.4% in the second quarter. Morgan Stanley now owns 1,254,596 shares of the information services provider’s stock worth $304,866,000 after acquiring an additional 41,340 shares during the last quarter. 60.90% of the stock is currently owned by hedge funds and other institutional investors.

Baidu Company Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

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Earnings History and Estimates for Baidu (NASDAQ:BIDU)

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