Baidu 2Q Earnings Pregame Scorecard

FOXBusiness

For the last five quarters, Baidu (NASDAQ:BIDU) has exceeded analyst expectations. The company will try to continue the streak when it reports its latest earnings on Monday, July 23, 2012.

Expectations

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Analysts currently expect Baidu to come in with earnings of $1.13 per share on revenues of $851.6 million. Estimates range from $1.05 per share to $1.19 per share. Over the past week, the average estimate has moved up from $1.12.

Stock Movement

The stock fell $8.64 per share between June 19, 2012 and June 21, 2012. Looking at change over the last three months, April 19, 2012 and July 16, 2012, the stock price fell $37.39 (-25.8%), from $144.74 to $107.35.

Stock Ratings

Analysts are bullish on the stock as 14 analysts rate it as a buy and there are no sell ratings. Baidu's average analyst rating hasn't changed over the past three months.

Last Quarter's Results

In the first quarter, profit rose 82.9% to $299 million (85 cents a share) from $163.5 million (47 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 82% to $677 million from $372 million.

Summary

Reporting Period: 2Q

Date of Release: Monday, July 23, 2012

EPS: $1.13

Revenue Estimate: $851.6 million

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)