Baidu Earnings Preview: Get Ahead of the Analysts

Baidu (NASDAQ:BIDU) will report earnings after markets close on Wednesday, July 24th. Baidu, Inc. operates an Internet search engine. The Company offers algorithmic search, enterprise search, pay for performance and news, MP3, and image searches.

Here is your Cheat Sheet to Baidu Earnings:

Earnings Expectations: Analysts expect earnings of $1.21 per share on revenues of $1.20 billion. Currently, the company’s P/E ratio stands at 22.44.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.51 to a profit $1.36. For the current year, the average estimate is a profit of $4.91, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Baidu has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 461 652 1,171 2,248 3,580
Diluted EPS ($) 0.44 0.63 1.53 3.02 4.79

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 858.80 994.60 1,017.00 961.00
Diluted EPS ($) 1.24 1.37 1.28 0.95

Past Performance:
Baidu has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]