Baidu Inc <BIDU.OQ> expected to post earnings of CNY17.52 a share - Earnings Preview
Baidu Inc BIDU.OQ, BIDU.O is expected to show a fall in quarterly revenue when it reports results on November 21 for the period ending September 30 2024
The Beijing-based company is expected to report a 2.8% decrease in revenue to CNY33.477 billion from CNY34.45 billion a year ago, according to the mean estimate from 20 analysts, based on LSEG data.
LSEG's mean analyst estimate for Baidu Inc is for earnings of CNY17.52 per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Baidu Inc is $124.00, above its last closing price of $85.42.
Previous quarterly performance (using preferred earnings measure in Chinese yuan renminbi).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Jun. 30 2024 | 18.24 | 18.44 | 21.02 | Beat | 14 |
Mar. 31 2024 | 15.79 | 15.79 | 19.91 | Beat | 26.1 |
Dec. 31 2023 | 18.04 | 17.87 | 21.92 | Beat | 22.7 |
Sep. 30 2023 | 16.79 | 16.55 | 20.40 | Beat | 23.2 |
Jun. 30 2023 | 17.15 | 16.86 | 22.55 | Beat | 33.7 |
Mar. 31 2023 | 12.51 | 12.46 | 16.10 | Beat | 29.2 |
Dec. 31 2022 | 13.62 | 13.73 | 15.36 | Beat | 11.9 |
Sep. 30 2022 | 15.28 | 15.29 | 16.87 | Beat | 10.3 |
This summary was machine generated November 19 at 13:40 GMT. All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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