From Financial Modeling Prep: 2024-11-20 00:00:04

Baidu Inc. (NASDAQ:BIDU) is gearing up to announce its quarterly earnings, with analysts forecasting an EPS of $2.46 and revenue of $4.68 billion on November 21, 2024. Despite challenges in online marketing revenue and macroeconomic conditions, the stock’s 7x forward P/E ratio is seen as attractive.

Wall Street remains bullish on Baidu, with an average brokerage recommendation (ABR) of 1.56, leaning towards a Strong Buy. Analysts are closely watching Baidu’s AI ecosystem developments, AI Cloud Revenue growth, and Apollo robotaxi business expansion. The positive sentiment may impact the stock price, with 72.2% of recommendations rating Baidu as a Strong Buy.

Although Baidu has been trending on Zacks.com, its stock has declined by 8.8% in the past month, contrasting with industry gains. This disparity raises concerns about the stock’s trajectory. Fundamental factors, such as changes in earnings estimates, will be crucial in determining Baidu’s future performance.

Analyzing Baidu’s financial metrics reveals a P/E ratio of approximately 11.66, a P/S ratio of about 1.58, and an EV/OCF ratio of around 11.35. With an earnings yield of 8.58% and a debt-to-equity ratio of 0.29, Baidu maintains strong liquidity. A current ratio of 2.32 indicates the company can cover short-term liabilities effectively.



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