Nomura Securities Ups Numbers On Baidu (BIDU)

April 6, 2011 10:12 AM EDT
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Price: $173.44 -1.5%

Rating Summary:
    17 Buy, 12 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Nomura Securities lifted estimates on Buy-rated Baidu (NASDAQ: BIDU) Wednesday.

Analyst Jin Yoon stated, "We continue to believe BIDU's revenue growth momentum remains very strong. Our non-GAAP 1Q11F EPS estimate is up 2.4% to RMB3.36 from RMB3.28, while our top-line estimate remains at RMB2,474mn, representing 0.9% q-q growth. We expect the company to beat its guided range of 0-2.9% q-q decline on the top line. Our FY11F non-GAAP diluted EPS estimate goes to RMB17.50 (+69% y-y) on sales of RMB12,915mn (+63% y-y), from RMB16.84 (+63% y-y) on sales of RMB12,635mn (+60% y-y)."

For more ratings news on Baidu click here and for the rating history of Baidu click here.

Shares of Baidu closed at $141.65 yesterday.

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