Baidu Inc (BIDU) Hovers Near 52 Week High
Apr
21
Written by:
4/21/2010 1:33 PM
Baidu Inc (BIDU) Hovers Near 52 Week High
A week from today (April, 28 2010) Baidu Inc (BIDU) will release its first quarter 2010 results. With recent reports by Yahoo! and Google coming in decently and Google expectations for profit growth increasing, other Internet search providers like Baidu should also see good results. At least that is what analysts are expecting according to recent earnings upgrades over the past month.
Analysts continued increasing the current quarter expectations three months ago, looking for $1.36 share 90 days ago and now expecting $1.52 a share. The most recent expectation increases were for the current year from $9.90 a share to $9.92 a share. This translate into 100% earnings growth for the first quarter compare to a year ago and 58.5% earnings growth for the year compared to last year. Revenue growth has also done well with near 50% revenue increases for both periods.
The stock has moved from a 3 month low of $411.71 to a recent 52 week high of $648.96. Currently trading off the high at $635.84, this is a good spot to build a small position if you want to be invested prior to the earnings. For more conservative investors, waiting for the company to forecast next quarter before purchasing shares is a good ideal. A price/earnings (P/E) ratio of 64 makes the stock price a little rich for the current earning but pay a little bit extra for strong growth is common.
© 2010 FastSwings.com
9 comment(s) so far...
Re: Baidu Inc (BIDU) Hovers Near 52 Week High
Yes, the market is in a position receiving gains and losses simultaneously because of continuing discussions over various subjects and in addition to it the performance of currencies is not up to the satisfactory mark that can bind the interest of investors and under such situation this highs in the stocks of BAidu will certainly a good indication.
By Forex on
4/22/2010 7:03 AM
|
Re: Baidu Inc (BIDU) Hovers Near 52 Week High
Profit and loos are the parts of any business. In the curve of the stock exchange claims that Baidu has done good.
By Ishfak on
4/23/2010 10:39 PM
|
Re: Baidu Inc (BIDU) Hovers Near 52 Week High
The banning of Google in China did good for Baidu as they monopolized the search engine.
By job postings on
4/25/2010 5:42 AM
|
Re: Baidu Inc (BIDU) Hovers Near 52 Week High
Its great to see som companies are fighting through this economy and winning.
By home lighting on
4/26/2010 10:02 PM
|
Re: Baidu Inc (BIDU) Hovers Near 52 Week High
I think with now google pulling out of chinese markets it would be more profits for baidu...
By mike johnson on
4/28/2010 3:33 AM
|
Re: Baidu Inc (BIDU) Hovers Near 52 Week High
When it comes to a business profit and loss are happens occasionally .but what I can say Baidu has done a great job. For a example just take marks and spensers even they were in a great loss but now they have recovered these things happens.
By Driveways in CO10 on
4/29/2010 4:31 PM
|
Re: Baidu Inc (BIDU) Hovers Near 52 Week High
Yeah, we can see it. Baidu now is a big deal for Chinese markets.
By Eugene on
4/30/2010 12:25 PM
|
Re: Baidu Inc (BIDU) Hovers Near 52 Week High
Do you foresee a continue growth for Baidu or this time to sell?
By bridgeport movers on
5/12/2010 2:39 PM
|
Re: Baidu Inc (BIDU) Hovers Near 52 Week High
Google is not alone on search war!
By josh @ how to increase vertical on
10/3/2010 10:39 PM
|