Baidu Inc. closed at $85.33, up 1.68% on the day, outpacing the S&P 500's 0.6% gain. Ahead of its upcoming earnings disclosure, the company is predicted to post an EPS of $1.42, an 8.97% decline from the year-ago quarter, while the Zacks Consensus Estimate projects revenue of $4.56 billion, up 4.02%. Full-year Zacks Consensus Estimates call for earnings of $5.66 per share and revenue of $18.88 billion, representing year-over-year changes of -25.92% and +4.31%, respectively. Baidu currently carries a Zacks Rank of #5 (Strong Sell) and trades at a Forward P/E ratio of 14.83, a discount to its industry average of 14.93, with a PEG ratio of 2.83 versus the Internet - Services industry average of 1.79.
Baidu IncZacks earnings preview: EPS expected to fall 8.97% YoY with a #5 Strong Sell rank, though revenue is seen up 4.02%.
