Over the past 10 fiscal quarters, Baidu, Inc. (NASDAQ:BIDU) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations. Shares of Baidu, Inc. (BIDU) have gained 4.3% since the company’s last earnings report.BIDU last reported earnings on October 30, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $19.01 per share, 37.75% change on the same period last year. That was better than consensus for $16.71. Revenue for the recent quarter stood at $28.2 billion, up 20% on last year and above the $27.53 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $25.9 billion to $26.65 billion, which should be compared with $28.92 billion generated last year. EPS is seen in a range of $9.1 to $15.73, against the $18.19 reported a year ago.
BIDU’s 50 day simple moving average (SMA 50) price is $195.8 and its 200-day simple moving average (SMA 200) price is $231.79. The company’s stock currently has a total float of 252.85M shares. Its weekly volatility is hovering around 4.3% and felt 3.02% volatility in price over a month. On the upside, the share price will test short term resistance at around $190.77. On a downside, the stock is likely to find some support, which begins at $177.27. The failure to get near-term support could push it to $171.89.
Wall Street’s most bullish Baidu, Inc. (NASDAQ:BIDU) analysts are predicting the share price to blow past $335 per share during the next 12 months. The current median share price forecast by them is $247, suggesting that the stock could increase 35.22% in that time frame. The average price target of $249.4 calls for a nearly 36.54% increase in the stock price.
It had seen a change in price target from analysts at The Benchmark Company, who reiterated the stock at Buy on October 31 but moved PT from $300 to $260. Analysts at Susquehanna, started covering the stock on September 07 with a Positive rating. The stock won favor of KeyBanc Capital Mkts analysts who expressed their confidence in it using an upgrade from Sector Weight to Overweight on July 09. Credit Suisse analysts came out with bullish views on July 09 when the call was made. They think the stock is now Outperform compared to to their prior call for Neutral.
When looking at valuations, Baidu, Inc. (BIDU) has a cheap P/E of 15.07x as compared to industry average of 25.67x. Moreover, it trades for 17.27 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.77x price/book and 4.36x price/sales. Compared to others, Baidu, Inc. is in a different league with regards to profitability, having net margins of 30.1%. To put some perspective around this, the industry’s average net margin is 25%. BIDU’s ROE is 21.6%, which is also considerably better than the industry’s ROE of 21.15%. It’s also very liquid in the near term, with a current ratio of 2.7. The stock has a debt/capital of 0.31.
Baidu, Inc. (NASDAQ:BIDU) recently claimed $61.96B as the price has approached $182.66. There came a -4.53% decline with the closing bell on Tuesday. The stock remained range bound between $180 and $193.5. Trading activity significantly improved as the volume at ready counter increased to 4,590,395 shares versus 2,670,210 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,280,936 shares. The stock is now 4.19% above against its bear-market low of $175.32 on November 20, 2018. It has retreated -55.6% since it’s 52-week high of $284.22 reached in May. Now the market price is down -20.47% on the year and down -22.01% YTD.