The above represents a good strategy which allows traders to benefit from highly volatile price movements during an BIDU earnings call. Caution is necessary when executing the strategy because success is not guaranteed. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Baidu Inc. reported revenues of $4.7 billion in the last reported quarter, representing a year-over-year change of +6.1%.

The average JD stock price target of $57.29 entails 80.8% upside potential. The detailed multi-page Analyst report does an even deeper dive on the company’s vital statistics. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Ariel Investments, an investment management company, released its “Ariel Global Fund” second-quarter 2023 investor letter. In the second quarter, the Ariel Global fund traded +3.32% higher, trailing the +6.18% return of the MSCI ACWI Index and outperforming the MSCI ACWI Value Index’s +2.98% gain.

What is the Price Target for BABA Stock?

Keep in mind that a stock tends to be extra sensitive to market news if it rallies by more than 10% after the previous earnings call. Also worth noting is that a 10% decline after the previous earnings call is a strong indicator that the stock has a lot of bearish potential. In this case, the stock will be extra sensitive to good news which means that it will have some potential upside if good news is released. Without considering a stock’s valuation, no investment decision can be efficient. In predicting a stock’s future price performance, it’s crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company’s growth prospects.

• Like Alibaba, JD is deeply oversold after suffering a more than 70% drop from its peak.
• There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
• The last reported earnings were for reported on August 22, 2023 for Q2.
• It’s packed with all of the company’s key stats and salient decision making information.
• Though it’s been a painful ride, I continue to be bullish on the potential upside to be had in a Chinese economic turnaround.

It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The facts discussed here and much other information on Zacks.com might help determine whether or not it’s worthwhile paying attention to the market buzz about Baidu Inc. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

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At writing, shares go for 10.8 times forward price-to-earnings, slightly pricier than Alibaba. With JD recently pulling the curtain on its LLM (large language model) called ChatJD, the firm joins the likes of many FAANG firms, some of which are three times more expensive from a P/E perspective. Until now, even patient investors who’ve held on over the past few years haven’t much to show for their investments. For instance, Alibaba stock is all the way back to where it was back in 2014 at $85-$90.

With its CEO Daniel Zhang suddenly stepping down from the cloud, the uncertainties couldn’t be greater as the firm looks to put in a bottom amid a weak Chinese economy. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. As an investor, you want to buy stocks with the highest probability of success.

FY 2023 EPS Estimate Trends

It would be less than ideal to have BIDU in your portfolio and then the morning after the company’s call, a bearish BIDU performance wipes out a significant chunk of your portfolio value. Performance predictions allow traders to execute a hedging strategy to protect their portfolio from unfavorable earnings which could lead to a major price drop. These quarterly earnings reports give investors a glimpse into financial results from a company for a 3 month period. JD stock is a Strong Buy, according to analysts, with 11 Buys and three Holds assigned in the past three months.

The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Baidu Inc. (BIDU Quick QuoteBIDU – Free Report) has recently been on Zacks.com’s list of the most searched stocks.

When is Baidu (NASDAQ:BIDU) reporting earnings?

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any of each other’s Investing.com’s posts. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

View upcoming earnings forecasts and in-depth analysis of

company forecasts. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors’ interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The real upside could lie in when the Chinese economy starts picking up traction again. Whether it’s a fresh round of stimulus, define systematic risk AI innovations, or something more, it’s hard to imagine things could get any worse for Alibaba as it plays the long game with its “customers-first” approach. For the best MarketWatch.com experience, please update to a modern browser.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.

StockEarnings.com is owned and published by StockEarnings, Inc («SE»). Their results are not typical and your experience will vary based upon your effort, education, business model, and market forces beyond our control. Analyze the earnings history of Baidu using advanced sorting and filters.

«Blockbuster Status»: 3 Bios to Buy and Hold

In many ways, even the most dominant Chinese tech companies seem like a lost cause for American investors. However, I am a fan of the deep value that can be found in these stocks. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company’s earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Chinese internet stocks are not well-liked by investors, but that’s one reason they may be deep in value. Of the trio of names in this piece, analysts expect the most upside (more than 80%) from JD stock.

Finally, we have Baidu (the Google of China), which is also making waves in the AI scene, with its Ernie bot topping the App Store list in China. Indeed, Ernie is pretty much a Chinese version of ChatGPT, and Baidu is ready to play by any evolving AI rules laid out by Chinese regulators. Indeed, nobody wants to be on the receiving end of a hefty fine from regulators for skating offside in the realm of AI. Despite our diligent efforts, OptionSlam.com cannot guarantee the accuracy of any earnings date. A wide variety of events can alter scheduled Earnings Release dates. By default we display 12 most recent earnings and calculate mean and median of past 12 earnings.

Therefore, you might want to consider some of the key factors that could influence the stock’s performance in the near future. In the meantime, JD’s skin in the AI race should be given more attention from value investors. Though it’s been a painful ride, I continue to be bullish on the potential upside to be had in a Chinese economic turnaround.

Like Alibaba, JD is deeply oversold after suffering a more than 70% drop from its peak. Though JD seems to be at the mercy of the Chinese consumer, I still think there’s upside to be had as the firm embraces generative AI, just like many American tech firms are https://1investing.in/ doing right now. Alibaba stock cannot catch a break, with the stock now off more than 7% in the past week, putting shares off around 72% from their all-time highs hit back in late 2020. It’s been a painful fall for one of China’s most influential companies.