Baidu (NASDAQ:BIDU) will unveil its latest earnings tomorrow, Monday, February 4, 2013. Baidu.com is a Chinese language Internet search provider.
Baidu Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.28 per share, a rise of 37.6% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from $1.29 during the last month. For the year, analysts are projecting net income of $4.77 per share, a rise of 57.9% from last year.
Past Earnings Performance: Last quarter, the company beat estimates by 10 cents, coming in at profit of $1.37 a share versus the estimate of net income of $1.27 a share. It marked the fourth straight quarter of beating estimates.
Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Click here for our fresh Feature Stock Pick now!
A Look Back: In the third quarter, profit rose 62.4% to $478.6 million ($1.37 a share) from $294.7 million (84 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 52.1% to $994.6 million from $653.9 million.
Here’s how Baidu traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: