Baidu Inc. (BIDU) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, Baidu Inc. (BIDU) closed at $110.46, marking a +1.13% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.9%. Elsewhere, the Dow gained 0.81%, while the tech-heavy Nasdaq added 1.22%.Shares of the web search company have appreciated by 31.9% over the course of the past month, outperforming the Computer and Technology sector's gain of 5.76% and the S&P 500's gain of 3.15%.Analysts and investors alike will be keeping a close eye on the performance of Baidu Inc. in its upcoming earnings disclosure. On that day, Baidu Inc. is projected to report earnings of $2.73 per share, which would represent a year-over-year decline of 2.5%. Alongside, our most recent consensus estimate is anticipating revenue of $4.84 billion, indicating a 2.53% upward movement from the same quarter last year.For the full year, the Zacks Consensus Estimates are projecting earnings of $11.17 per share and revenue of $19.23 billion, which would represent changes of -1.93% and +1.86%, respectively, from the prior year.Investors should also pay attention to any latest changes in analyst estimates for Baidu Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Baidu Inc. is holding a Zacks Rank of #3 (Hold) right now.In terms of valuation, Baidu Inc. is currently trading at a Forward P/E ratio of 9.78. This valuation marks a discount compared to its industry's average Forward P/E of 28.54.The Internet - Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 97, placing it within the top 39% of over 250 industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Baidu, Inc. (BIDU): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks