Baidu, Inc. (NASDAQ:BIDU) is expected to report third quarter earnings results, after market close, on Monday 16th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 2.05 per share.
Looking ahead, the full year income are expected at $ 7.93 per share on the revenues of $ 15962.30 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 3,700.00 million ~ $ 4,100.00 million
Click Here For More Historical Outlooks Of Baidu, Inc.
Previous Quarter Performance
Baidu, Inc. came out with income for the second quarter of $ 2.08 per share, from the revenue of $ 3,685.00 million. Street analysts expected Baidu, Inc. to report income of $ 1.37 per share on revenue of $ 3690.00 million for the second quarter. The bottom line results beat street analysts by $ 0.71 or 51.82 percent, at the same time, top line results fell short of analysts by $ 5 million or 0.14 percent.
Stock Performance
On Friday, shares of Baidu, Inc. has traded high as $ 145.20 and has cracked $ 142.51 on the downward trend, reaching $ 145.08 with volume of 2.44 million shares.
According to the previous trading day, closing price of $ 145.08, representing a 73.74 % increase from the 52 week low of $ 82.00 and a 3.98 % decrease over the 52 week high of $ 148.38.
The company has a market capital of $ 49.48 billion and is part of the Technology sector and Internet Content & Information industry.
Recent Analyst recommendations
- On 26th October 2020, maintained by KeyBanc at Overweight rating, with $ 182.00 target price.
- On 25th September 2020, maintained by KeyBanc at Overweight rating, with $ 177.00 target price.
Conference Call
Baidu, Inc. will be hosting a conference call at 9:15 PM eastern time on 16th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.baidu.com
Baidu, Inc. provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI.
