Q2 Earnings Preview For Baidu

Benzinga Newsdesk
Updated

Baidu (NASDAQ: BIDU) unveils its next round of earnings this Monday, August 19. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings and Revenue

Analysts predict Baidu will report earnings of 89 cents per share on revenue of $3.76 billion.

Baidu EPS in the same period a year ago totaled $3.18. Sales were $3.93 billion. If the company were to match the consensus estimate, earnings would be down 72.01%. Sales would be down 4.33% on a year-over-year basis. Baidu's reported EPS has stacked up against analyst estimates in the past like this:

View more earnings on BIDU

Quarter

Q1 2019

Q4 2018

Q3 2018

Q2 2018

EPS Estimate

0.530

1.82

2.51

2.61

EPS Actual

0.410

1.92

2.77

3.18

Stock Performance

Over the last 52-week period, shares of Baidu have declined 55.8%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.

Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Baidu stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Conference Call

Baidu is scheduled to hold a conference call at 9:15 p.m. ET and it can be accessed here: https://edge.media-server.com/mmc/p/zesr2noi

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