Equities analysts forecast that Baidu (NASDAQ:BIDU) will announce $3.26 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Baidu’s earnings. The highest sales estimate is $3.33 billion and the lowest is $3.21 billion. Baidu posted sales of $2.45 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Baidu will report full-year sales of $3.26 billion for the current fiscal year, with estimates ranging from $15.65 billion to $16.23 billion. For the next financial year, analysts anticipate that the company will post sales of $19.20 billion per share, with estimates ranging from $18.92 billion to $19.64 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Baidu.
Several equities analysts have weighed in on BIDU shares. Morgan Stanley raised shares of Baidu from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $225.60 to $280.00 in a report on Wednesday, February 14th. Wells Fargo reaffirmed an “outperform” rating and set a $200.00 price target (down previously from $275.00) on shares of Baidu in a report on Monday, January 8th. BidaskClub downgraded shares of Baidu from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Zacks Investment Research downgraded shares of Baidu from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Jefferies Group downgraded shares of Baidu from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Baidu presently has an average rating of “Buy” and a consensus price target of $256.22.
Shares of NASDAQ:BIDU opened at $231.34 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.30. Baidu has a 1-year low of $172.07 and a 1-year high of $274.97. The company has a market cap of $79,633.44, a price-to-earnings ratio of 28.70, a PEG ratio of 1.46 and a beta of 1.88.
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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