Baidu, the video operator's controlling shareholder, broke that silence on Tuesday, confirming that iQiyi had submitted a draft registration for a potential NY listing to the U.S. Securities and Exchange Commission (SEC). After $3.62 actual EPS reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -54.14 % negative EPS growth. Future earnings predictions are perhaps the most essential input when trying to value a company.
Chinese internet search firm Baidu Inc posted a forecast-beating quarterly revenue increase and unveiled a US listing plan for its Netflix-like video platform iQiyi as it looks to rev up new drivers for growth. Comparatively, BIDU posted earnings of $9.3 per share in the same quarter, a year earlier.
A number of other analysts also recently weighed in on the company.
Baidu announced revenue climbed 29% year-over-year to $3.72 billion, topping estimates. BIDU generated revenue of $21.87 Billion in the same quarter, one year ago. They now have a $300.00 price target on the information services provider's stock, up from their prior price target of $290.00. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.
Analysts on average have given a price target of $264.71 to Baidu, Inc. AMOT's distance from 20 day simple moving average is -5.16% and distance from 50-Day simple moving average is -4.32%.
According to Finviz reported data, The SMA20 of the stock is at -7.02 percent, SMA50 is -6.16 percent, while SMA200 is 1.47 percent. Earnings per share serves as an indicator of a company's profitability. The bigger the return, the more efficient management is in utilizing its asset base.
Even as it trimmed deliveries and mobile games, Baidu pushed further into projects executives hope will help level the playing field with competitors Alibaba and Tencent.
Return on Investment measures the amount of return on an investment relative to the investment's cost. Barclays Capital maintained Baidu, Inc. The YTD performance of the stock stands at -5.37 Percent.
ROE ratio is a measure of profitability which calculates how much dollars of profit a firm makes with every dollar of stakeholder's equity.
More notable recent Baidu, Inc. JPMorgan Chase & Co. dropped their target price on Baidu from $230.00 to $225.00 and set a neutral rating for the company in a research report on Monday, October 30th. The stock has "Buy" rating by Oppenheimer on Friday, July 28.
Today, Baidu (NASDAQ:BIDU) stock received an upgrade by Daiwa Capital Markets from Hold to Outperform.
The objective of a stock price analysis is to study the behaviour of stock prices.
The company now has an insider ownership of 15.6 Percent and Institutional ownership of 85.2 Percent. FMR LLC now owns 796,164 shares of the information services provider's stock valued at $142,402,000 after acquiring an additional 224,348 shares in the last quarter. Harding Loevner LP increased its position in Baidu by 7,512.3% during the third quarter. The Weekly and Monthly Volatility of the stock are 3.31% percent and 4.72% percent, respectively.