$3.26 Billion in Sales Expected for Baidu (BIDU) This Quarter

Equities analysts predict that Baidu (NASDAQ:BIDU) will announce sales of $3.26 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Baidu’s earnings, with estimates ranging from $3.21 billion to $3.33 billion. Baidu posted sales of $2.45 billion in the same quarter last year, which would indicate a positive year over year growth rate of 33.1%. The company is expected to issue its next earnings report after the market closes on Thursday, April 26th.

On average, analysts expect that Baidu will report full-year sales of $16.09 billion for the current financial year, with estimates ranging from $15.65 billion to $16.67 billion. For the next financial year, analysts expect that the business will report sales of $19.40 billion per share, with estimates ranging from $18.92 billion to $20.36 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Baidu.

A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered Baidu from a “buy” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group assumed coverage on Baidu in a research report on Monday. They issued an “outperform” rating on the stock. Barclays increased their price target on Baidu from $250.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday, April 16th. KeyCorp assumed coverage on Baidu in a research report on Thursday, April 5th. They issued a “sector weight” rating on the stock. Finally, BidaskClub lowered Baidu from a “hold” rating to a “sell” rating in a research report on Friday, March 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $260.01.

BIDU stock opened at $238.69 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $80,243.73, a price-to-earnings ratio of 29.61, a P/E/G ratio of 1.47 and a beta of 1.88. Baidu has a 1 year low of $173.52 and a 1 year high of $274.97.

A number of large investors have recently added to or reduced their stakes in the stock. Comgest Global Investors S.A.S. grew its stake in Baidu by 5.7% during the 4th quarter. Comgest Global Investors S.A.S. now owns 3,079,180 shares of the information services provider’s stock worth $721,174,000 after buying an additional 166,800 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in Baidu by 4.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 3,038,645 shares of the information services provider’s stock worth $711,681,000 after buying an additional 130,474 shares during the last quarter. OppenheimerFunds Inc. grew its stake in Baidu by 8.8% during the 4th quarter. OppenheimerFunds Inc. now owns 2,529,237 shares of the information services provider’s stock worth $592,372,000 after buying an additional 204,004 shares during the last quarter. Fisher Asset Management LLC grew its stake in Baidu by 2.8% during the 4th quarter. Fisher Asset Management LLC now owns 1,770,476 shares of the information services provider’s stock worth $414,663,000 after buying an additional 48,476 shares during the last quarter. Finally, Investec Asset Management LTD grew its stake in Baidu by 8.6% during the 4th quarter. Investec Asset Management LTD now owns 1,305,736 shares of the information services provider’s stock worth $305,816,000 after buying an additional 103,588 shares during the last quarter. Hedge funds and other institutional investors own 63.17% of the company’s stock.

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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