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Why Baidu, Inc. (BIDU) Could Be Positioned for a Surge
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Baidu, Inc. (BIDU - Free Report) is an Internet search services company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BIDU’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Baidu could be a solid choice for investors.
Current Quarter Estimates for BIDU
In the past 30 days, one estimate has gone higher for Baidu while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 89 cents a share 30 days ago, to $1.10 today, a move of 23.6%.
Current Year Estimates for BIDU
Meanwhile, Baidu’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $3.51 per share 30 days ago to $4.39 per share today, an increase of 25.1%.
The stock has also started to move higher lately, adding 5.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
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Why Baidu, Inc. (BIDU) Could Be Positioned for a Surge
Baidu, Inc. (BIDU - Free Report) is an Internet search services company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BIDU’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Baidu could be a solid choice for investors.
Current Quarter Estimates for BIDU
In the past 30 days, one estimate has gone higher for Baidu while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 89 cents a share 30 days ago, to $1.10 today, a move of 23.6%.
Current Year Estimates for BIDU
Meanwhile, Baidu’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $3.51 per share 30 days ago to $4.39 per share today, an increase of 25.1%.
Baidu, Inc. Price and Consensus
Baidu, Inc. Price and Consensus | Baidu, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 5.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>