Monday, October 27, 2014

Will BIDU Beat Earnings? When Will They Announce Earnings? Will the Stock Go Up?

In advance of the earnings announcement on October 29, 2014 for Baidu (BIDU), the following assessments have been made:
  • Seeking Alpha is leaning towards a yes: "Baidu might beat consensus estimates again after a successful Q2".
  • Zacks is inconclusive: "Our proven model does not conclusively show that Baidu will beat earnings this quarter."
MarketWatch has an average price target of $262.59, while the NASDAQ's website is reporting a 12-month price target range consensus of $246. Zacks' price target is $231.50, while Deutsche Bank's consensus target is $238.96. BIDU was trading $219.92 at end of day Monday, October 27.

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