Baidu Inc (BIDU) reported an earnings beat for its 4th quarter, ending 12/31/2024. Earnings per share came in at CNH19.18, versus the expected CNH14.37.
The reported revenue of $4.75 billion represents growth of 1.39% compared to the previous quarter, and a decrease of -1.83% compared to the same period last year.
For the 1st quarter, analysts project earnings of CNH13.07 per share.
Often, earnings announcements affect a stock’s price. See a history of earnings-related price changes for BIDU stock.
What’s Next for Baidu Inc, Post-Earnings?
According to TipRanks, the average analyst consensus on BIDU stock is a Moderate Buy. This consensus is based on 15 analyst ratings made in the past 3 months. Baidu Inc’s average price target of $107.54 implies upside potential of 19.28% from current levels.
See our Earnings Calendar for a full list of this week’s earnings releases.
Bottom Line
An earnings beat can signify positive movement ahead for a stock’s price. Currently, BIDU price is $90.16, indicating a 5-day drop of -6.66%.
About Baidu Inc
Incorporated in 2000, Baidu, Inc. is a China-based internet search company, which provides internet-related services and online marketing solutions. It operates through the Baidu Core and iQIYI segments. The Baidu Core segment offers keyword-based marketing services. The iQiyi segment focuses on membership and online advertising services. The company’s products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor (IME) and Overseas Products.
Learn more about BIDU financials here
