What is going on with bidu
Baidu Inc (BIDU) is expected to release second quarter numbers before the market opens on August 12. Analysts are forecasting earnings of $ 0.29 per share for the quarter. During the same period last year, the company earned $ 0.22 and the stock is down -24.0% on the year.
BIDU recently traded at $ 164.26, down $ 190.56 from its 12-month high and $ 48.67 above its 12-month low. InvestorsObserver gives BIDU a long-term technical rating of 22 and a short-term technical rating of 47. The stock has recent support above $ 163.32 and recent resistance below $ 165.88. Of the 13 analysts who cover the stock, 12 rate the buy strong, 0 rate it a buy, 1 rate it Keep, 0 rate it a sell and 0 rate it a strong sell, BIDU receives an overall InvestorsObserver score of 48.
BIDU has posted annual profit growth of 8.56% over the past five years, and analysts expect the company to increase profits by 2.58% annually over the next five years. In the last quarter the company posted better than expected EPS and this quarter the rue expects EPS of $ 0.29. BIDU is currently trading at $ 164.26 with an average price target of $ 308.42.
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