Baidu Inc. (BIDU) closed at $209.90 in the latest trading session, marking a -1.71% move from the prior day. This change lagged the S&P 500's 0.53% loss on the day.
Coming into today, shares of the web search company had lost 19.37% in the past month. In that same time, the Computer and Technology sector gained 8.44%, while the S&P 500 gained 5.72%.
Wall Street will be looking for positivity from BIDU as it approaches its next earnings report date. The company is expected to report EPS of $1.49, up 19.2% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.17 billion, up 31% from the year-ago period.
BIDU's full-year Zacks Consensus Estimates are calling for earnings of $10.38 per share and revenue of $19.48 billion. These results would represent year-over-year changes of +5.92% and +24.34%, respectively.
Any recent changes to analyst estimates for BIDU should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. BIDU currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that BIDU has a Forward P/E ratio of 20.58 right now. This valuation marks a discount compared to its industry's average Forward P/E of 31.94.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 30% 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Baidu, Inc. (BIDU) : Free Stock Analysis Report
To read this article on Zacks.com click here.