Brokerages predict that Baidu Inc (NASDAQ:BIDU) will post $3.86 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Baidu’s earnings. The lowest sales estimate is $3.75 billion and the highest is $4.03 billion. Baidu posted sales of $3.62 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6.6%. The company is expected to issue its next quarterly earnings report on Tuesday, February 12th.
On average, analysts expect that Baidu will report full-year sales of $15.13 billion for the current financial year, with estimates ranging from $14.64 billion to $15.62 billion. For the next financial year, analysts expect that the business will report sales of $17.32 billion, with estimates ranging from $15.66 billion to $18.55 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Baidu.
BIDU has been the subject of several research reports. Zacks Investment Research cut shares of Baidu from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Deutsche Bank set a $337.00 price objective on shares of Baidu and gave the company a “buy” rating in a research report on Wednesday, August 1st. BidaskClub cut shares of Baidu from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. UBS Group set a $220.00 price objective on shares of Baidu and gave the company a “buy” rating in a research report on Friday, November 2nd. Finally, KeyCorp set a $297.00 price objective on shares of Baidu and gave the company a “buy” rating in a research report on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $278.86.
Large investors have recently modified their holdings of the company. Federated Investors Inc. PA acquired a new stake in shares of Baidu during the 2nd quarter worth approximately $108,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Baidu during the 2nd quarter worth approximately $119,000. Bartlett & Co. LLC grew its position in shares of Baidu by 71.0% during the 2nd quarter. Bartlett & Co. LLC now owns 530 shares of the information services provider’s stock worth $129,000 after buying an additional 220 shares during the period. Toronto Dominion Bank grew its position in shares of Baidu by 5,050.0% during the 3rd quarter. Toronto Dominion Bank now owns 618 shares of the information services provider’s stock worth $141,000 after buying an additional 606 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in shares of Baidu during the 2nd quarter worth approximately $150,000. Institutional investors own 60.90% of the company’s stock.
Shares of BIDU stock opened at $183.75 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.66 and a debt-to-equity ratio of 0.24. The stock has a market cap of $66.73 billion, a P/E ratio of 22.80, a PEG ratio of 0.98 and a beta of 1.61. Baidu has a 12-month low of $177.80 and a 12-month high of $284.22.
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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