Q2 Earnings Preview For Baidu
Baidu (NASDAQ: BIDU) unveils its next round of earnings this Monday, August 19. Here is Benzinga's everything-that-matters guide for the earnings announcement.
Earnings and Revenue
Analysts predict Baidu will report earnings of 89 cents per share on revenue of $3.76 billion.
Baidu EPS in the same period a year ago totaled $3.18. Sales were $3.93 billion. If the company were to match the consensus estimate, earnings would be down 72.01%. Sales would be down 4.33% on a year-over-year basis. Baidu's reported EPS has stacked up against analyst estimates in the past like this:
|Quarter||Q1 2019||Q4 2018||Q3 2018||Q2 2018|
Over the last 52-week period, shares of Baidu have declined 55.8%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Baidu stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Baidu is scheduled to hold a conference call at 9:15 p.m. ET and it can be accessed here: https://edge.media-server.com/mmc/p/zesr2noi