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.
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 $4.91, which is worse than the estimate ninety days ago.
Here’s how Baidu has been performing on an annual basis:
|Revenue ($) 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|
Baidu has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)