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Baidu Inc. (BIDU) Stock Moves -1.01%: What You Should Know
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Baidu Inc. (BIDU - Free Report) closed the most recent trading day at $188.51, moving -1.01% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.73%. At the same time, the Dow lost 1.19%, and the tech-heavy Nasdaq lost 2.07%.
Prior to today's trading, shares of the web search company had lost 17.37% over the past month. This has lagged the Computer and Technology sector's loss of 8.99% and the S&P 500's loss of 7.09% in that time.
Wall Street will be looking for positivity from BIDU as it approaches its next earnings report date. This is expected to be October 30, 2018. The company is expected to report EPS of $2.57, down 33.93% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.12 billion, up 16.58% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.29 per share and revenue of $15.37 billion. These totals would mark changes of +5.11% and +21.17%, respectively, from last year.
Any recent changes to analyst estimates for BIDU should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 29.59% lower within the past month. BIDU is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, BIDU currently has a Forward P/E ratio of 18.51. For comparison, its industry has an average Forward P/E of 28.74, which means BIDU is trading at a discount to the group.
We can also see that BIDU currently has a PEG ratio of 0.91. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 2.43 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Baidu Inc. (BIDU) Stock Moves -1.01%: What You Should Know
Baidu Inc. (BIDU - Free Report) closed the most recent trading day at $188.51, moving -1.01% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.73%. At the same time, the Dow lost 1.19%, and the tech-heavy Nasdaq lost 2.07%.
Prior to today's trading, shares of the web search company had lost 17.37% over the past month. This has lagged the Computer and Technology sector's loss of 8.99% and the S&P 500's loss of 7.09% in that time.
Wall Street will be looking for positivity from BIDU as it approaches its next earnings report date. This is expected to be October 30, 2018. The company is expected to report EPS of $2.57, down 33.93% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.12 billion, up 16.58% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.29 per share and revenue of $15.37 billion. These totals would mark changes of +5.11% and +21.17%, respectively, from last year.
Any recent changes to analyst estimates for BIDU should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 29.59% lower within the past month. BIDU is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, BIDU currently has a Forward P/E ratio of 18.51. For comparison, its industry has an average Forward P/E of 28.74, which means BIDU is trading at a discount to the group.
We can also see that BIDU currently has a PEG ratio of 0.91. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 2.43 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.