Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessBaidu Inc. (NASDAQ:BIDU) Earnings Preview and Financial Analysis

Baidu Inc. (NASDAQ:BIDU) Earnings Preview and Financial Analysis

Add to Favorite
Added to Favorite


Baidu Inc. (NASDAQ:BIDU) is set to release its quarterly earnings with an expected EPS of $2.46 and revenue of $4.68 billion.
The company’s stock trades at an attractive 7x forward price-to-earnings ratio, despite challenges in online marketing revenue and macroeconomic conditions.
Wall Street maintains a bullish stance on Baidu, with an average brokerage recommendation (ABR) of 1.56, leaning towards a Strong Buy.

Baidu Inc. (NASDAQ:BIDU), a leading Chinese technology company known for its search engine services and AI innovations, is preparing to release its quarterly earnings on November 21, 2024. Analysts predict an earnings per share (EPS) of $2.46 and revenue of approximately $4.68 billion. The earnings report will be released before the market opens, drawing significant attention from investors and analysts alike.
Despite Baidu’s advancements in AI, its core businesses face stagnation. The impact of AI on revenue remains minimal, limiting overall growth potential. The stock trades at an attractive 7x forward price-to-earnings ratio, yet sluggish online marketing revenue and macroeconomic challenges justify a Hold rating. Analysts focus on AI ecosystem developments, AI Cloud Revenue growth, and Apollo robotaxi business expansion.
Wall Street analysts maintain a bullish stance on Baidu, with an average brokerage recommendation (ABR) of 1.56, indicating a position between Strong Buy and Buy. Out of 18 brokerage firms, 13 rate Baidu as a Strong Buy, accounting for 72.2% of recommendations. This positive sentiment could influence Baidu’s stock price, as investors often consider these recommendations in their decisions.
Baidu has recently gained attention on Zacks.com, becoming a trending stock. However, its stock declined by 8.8% over the past month, contrasting with the Zacks S&P 500 composite’s 1.6% increase and the Zacks Internet – Services industry’s 6.1% gain. This disparity raises questions about the stock’s near-term trajectory, as highlighted by Zacks. Fundamental factors, such as changes in earnings estimates, are crucial for assessing Baidu’s future performance.
Baidu’s financial metrics provide insight into its market valuation. The company has a price-to-earnings (P/E) ratio of approximately 11.66 and a price-to-sales ratio of about 1.58. Its enterprise value to sales ratio is around 1.79, and the enterprise value to operating cash flow ratio is approximately 11.35. With an earnings yield of 8.58% and a debt-to-equity ratio of 0.29, Baidu maintains a strong liquidity position with a current ratio of 2.32, indicating it can cover short-term liabilities.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Veeva Systems Inc. (NYSE:VEEV) Stock Analysis: A Look into the Future

Jeff Garro from Stephens sets a price target of...

WTW (NASDAQ:WTW) Sees Price Target Increase to $382 by Jefferies

WTW Stock Price Target Raised by Jefferies - An...

Accenture (NYSE:ACN) Surpasses Earnings Expectations

Accenture's EPS of $3.59 exceeded the estimated $3.42, showcasing...

CarMax, Inc. (NYSE:KMX) Stock Upgrade by RBC Capital

RBC Capital upgraded CarMax, Inc. (NYSE:KMX) to "Outperform" with...