Baidu’s Second Quarter Earnings Sneak Peek

Baidu (NASDAQ:BIDU) will unveil its latest earnings on Monday, July 23, 2012. is a Chinese language Internet search provider.

Baidu Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.13 per share, a rise of 56.9% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from $1.12 during the last month. Analysts are projecting profit to rise by 53% compared to last year’s $4.62.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at net income of 85 cents a share versus the estimate of profit of 84 cents a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the first quarter, profit rose 82.9% to $299 million (85 cents a share) from $163.5 million (47 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 82% to $677 million from $372 million.

Wall St. Revenue Expectations: Analysts predict a rise of 61.2% in revenue from the year-earlier quarter to $851.6 million.

Stock Price Performance: Between April 20, 2012 and July 17, 2012, the stock price fell $39.93 (-27.6%), from $144.91 to $104.98. The stock price saw one of its best stretches over the last year between February 7, 2012 and February 14, 2012, when shares rose for six straight days, increasing 8.8% (+$11.37) over that span. It saw one of its worst periods between May 2, 2012 and May 14, 2012 when shares fell for nine straight days, dropping 9.1% (-$12.27) over that span.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 4.43 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

Analyst Ratings: With 14 analysts rating the stock a buy, none rating it a sell and two rating the stock a hold, there are indications of a bullish stance by analysts.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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