A Preview Of Baidu's Earnings
Portfolio Pulse from Benzinga Insights
Baidu (NASDAQ:BIDU) is scheduled to release its quarterly earnings report on February 28, 2024. Analysts predict an EPS of $2.48. The company's past performance shows a pattern of beating EPS estimates, which has positively impacted its share price. However, Baidu's stock has declined by 21.88% over the last 52 weeks. Investors are keen on both the earnings outcome and the company's future guidance.
February 27, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Baidu is expected to report an EPS of $2.48 for the quarter. Historical data shows positive stock movement following earnings beats. However, the stock has experienced a significant decline over the past year.
Given Baidu's history of beating EPS estimates and the subsequent positive impact on its stock price, there is a potential for short-term price appreciation if the company beats the EPS estimate again and provides positive future guidance. However, the overall negative trend over the past year suggests caution.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100