Q1 Preview: Baidu (BIDU) Analysts Bullish Despite Recent Downside in Stock
Tweet Send to a Friend
Get Alerts BIDU Hot Sheet
Price: $94.72 +2.19%
Rating Summary:
8 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
8 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade BIDU Now!
Shares of Baidu (Nasdaq: BIDU) are underperforming the broader stock market handily Tuesday afternoon ahead of the company's first-quarter earnings report. The stock last traded at $135.90, down 2.7 percent for the session.
Results are expected out right around 4:30pm ET this afternoon. The Street is currently looking for quarterly EPS of 84 cents on sales of $677.37 million. Baidu reported earnings of 47 cents per share during the same quarter last year and earnings of 95 cents per share in the fourth quarter of 2011.
Data from StreetInsider.com's Earnings History page shows Baidu has beat the Street's estimates by nearly 8 percent over the last six quarters.
Baidu shares are up nearly 17 percent so far in 2012, but down about 11 percent from the recent highs set on April 13th.
Bloomberg data shows 23 analyst firms rate Baidu shares a Buy, five rate the stock a Hold, and none suggest selling the stock ahead of results.
An analyst at Deutsche Bank maintained a Buy rating ahead of the company's quarterly results. The firm's "channel checks suggest larger accounts have been increasing search ad spend with Baidu. In China's under-penetrated search ad market, Baidu should still be able to maintain strong revenue growth by encouraging larger accounts to shift ad spend from offline media to search. We believe search ads' performance-based nature will render Baidu more resilient than most of other digital ad platforms in 2012."
Tune into our Earnings category to get all the earnings news in real time within seconds of the release.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Results are expected out right around 4:30pm ET this afternoon. The Street is currently looking for quarterly EPS of 84 cents on sales of $677.37 million. Baidu reported earnings of 47 cents per share during the same quarter last year and earnings of 95 cents per share in the fourth quarter of 2011.
Data from StreetInsider.com's Earnings History page shows Baidu has beat the Street's estimates by nearly 8 percent over the last six quarters.
Baidu shares are up nearly 17 percent so far in 2012, but down about 11 percent from the recent highs set on April 13th.
Bloomberg data shows 23 analyst firms rate Baidu shares a Buy, five rate the stock a Hold, and none suggest selling the stock ahead of results.
An analyst at Deutsche Bank maintained a Buy rating ahead of the company's quarterly results. The firm's "channel checks suggest larger accounts have been increasing search ad spend with Baidu. In China's under-penetrated search ad market, Baidu should still be able to maintain strong revenue growth by encouraging larger accounts to shift ad spend from offline media to search. We believe search ads' performance-based nature will render Baidu more resilient than most of other digital ad platforms in 2012."
Tune into our Earnings category to get all the earnings news in real time within seconds of the release.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Jefferies Buyers of Jack In The Box (JACK) on Solid Results
- UPDATE: Applied Materials, Inc. (AMAT) Tops Q2 EPS by 3c, Offers Guidance
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Deutsche Bank, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
