Baidu Inc (BIDU) to release second quarter figures

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.

Technical analysis

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.

Analysts’ thoughts

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.

Get a full analysis on bidu

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