Analysts Anticipate Baidu, Inc. (NASDAQ:BIDU) Will Announce Earnings of $2.16 Per Share
Posted by Oscar Bower on Oct 20th, 2021
Wall Street brokerages expect Baidu, Inc. (NASDAQ:BIDU) to report earnings per share of $2.16 for the current quarter, according to Zacks. Two analysts have made estimates for Baidu’s earnings. The highest EPS estimate is $2.25 and the lowest is $2.07. Baidu posted earnings of $3.00 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 28%. The business is expected to announce its next earnings report on Monday, November 15th.
On average, analysts expect that Baidu will report full year earnings of $8.81 per share for the current fiscal year, with EPS estimates ranging from $8.55 to $9.07. For the next year, analysts expect that the firm will report earnings of $9.87 per share, with EPS estimates ranging from $9.28 to $10.45. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Baidu.
A number of research analysts recently commented on BIDU shares. UBS Group lowered their price objective on shares of Baidu from $340.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, August 5th. Benchmark lowered their price objective on shares of Baidu from $370.00 to $357.00 and set a “buy” rating on the stock in a research note on Friday, August 13th. Susquehanna lowered their price objective on shares of Baidu from $250.00 to $200.00 and set a “positive” rating on the stock in a research note on Wednesday, August 18th. Citigroup decreased their price target on shares of Baidu from $264.00 to $254.00 and set a “buy” rating on the stock in a research report on Monday. Finally, KeyCorp lowered their price objective on shares of Baidu from $332.00 to $270.00 and set an “overweight” rating on the stock in a research report on Friday, August 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $285.47.
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