Baidu, Inc. (NASDAQ:BIDU) What You Should Know
Baidu Inc. (BIDU) closed the most recent trading day at $170.98, moving +0.34% from the previous trading session. This move outpaced the S&P 500’s daily of 0%. Meanwhile, the Dow lost 0.3%, and the Nasdaq, a tech-heavy index, added 0.25%.
Coming into today, shares of the web search company had gained 5.89% in the past month. In that same time, the Computer and Technology sector gained 3.92%, while the S&P 500 gained 2.36%.
BIDU will be looking to display strength as it nears its nex t earnings release. In that report , analysts expect BIDU to post earnings of $0.79 per share. This would mark a year-over-year decline of 69.62%. Meanwhile, our latest consensus estimate is calling for revenue of $3.62 billion, up 8.73% from the prior-year quarter.
BIDU’s full-year Zacks Consensus Estimates are calling for earnings of $8.88 per share and revenue of $17.65 billion. These results would represent year-over-year changes of -7.88% and +15.15%, respectively.
Any recent changes to analyst estimates for BIDU should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. BIDU is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, BIDU is currently trading at a Forward P/E ratio of 19.19. This valuation marks a discount compared to its industry’s average Forward P/E of 25.25.
Also, we should mention that BIDU has a PEG ratio of 1.39. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. Internet – Services stocks are, on average, holding a PEG ratio of 2.85 based on yesterday’s closing prices.
The Internet – Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Overall, the bias in prices is: Downwards.
The projected upper bound is: 180.05.
The projected lower bound is: 161.90.
The projected closing price is: 170.97.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 66.2748. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 56.41. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 66 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 92. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 0 period(s) ago.
Rex Takasugi – TD Profile
BAIDU INC ADS closed up 0.580 at 170.980. Volume was 16% below average (neutral) and Bollinger Bands were 48% narrower than normal.
Open High Low Close Volume___
170.410 174.150 168.883 170.980 2,520,128
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 167.74 168.11 199.60
Volatility: 30 35 40
Volume: 2,408,627 3,043,047 3,146,242
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
BAIDU INC ADS is currently 14.3% below its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of BIDU.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on BIDU.O and have had this outlook for the last 0 periods.