What to Expect:
The consensus estimate is up from three months ago when it was 83 cents, but hasn’t changed over the past month. For the fiscal year, analysts are projecting earnings of $4.63 per share.
Revenue is projected to eclipse the year-earlier total of $372 million by 82.1%, finishing at $677.5 million for the quarter. For the year, revenue is projected to come in at $3.57 billion.
Trends to Watch For:
Over the last four quarters, the company has seen an average of 69.3% year-over-year growth in revenue. The biggest rise came in the first quarter of the last fiscal year, with revenue growing 96.3% from the year-ago quarter.
Analyst Ratings:
The majority of analysts (87.5%) rate Baidu.com as a buy. This compares favorably to the analyst ratings of its nearest 10 competitors, which average 59.2% buys. Analysts have grown increasingly optimistic about the stock in the last three months.
Competitors:
Baidu.com is a Chinese-language Internet search provider. One of Baidu.com’s main competitors in the internet software and services industry is Google (GOOG). Other competitors in the information technology sector include: Sohu.com (SOHU), Sina (SINA), and Yahoo (YHOO).
Recent Price Movement:
The stock price has increased from $122.80 on January 20, 2012 to $147.92 over the past quarter.( Earnings estimates provided by Zacks. )
Baidu reports earnings on Tuesday, April 24, 2012, after the market close. With the stock currently around $147.30, I'm looking at the following trade:
Sell BIDU April Week4 2012 135.0 put
Buy BIDU April Week4 2012 140.0 put
Buy BIDU April Week4 2012 155.0 call
Sell BIDU April Week4 2012 160.0 call
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