Baidu Shares Dip 1.72% as Analysts Forecast 44% EPS Drop in Q4
Baidu shares dropped 1.72% to $145.12 on Feb.11, underperforming the S&P 500 by 1.71pp, and have declined 1.13% over the past month. Analysts project Q4 EPS of $1.47, down 44.11% YoY, and revenue of $4.68 billion, up 0.15% YoY, ahead of earnings on Feb.26.
1. Recent Stock Performance
On February 11, Baidu closed at $145.12, a 1.72% drop that underperformed the S&P 500’s 0.01% fall and the Nasdaq’s 0.16% loss. Over the past month, its shares have declined 1.13%, versus a 1.54% slide in the Computer & Technology sector and a 0.28% dip in the S&P 500.
2. Upcoming Earnings Estimates
Investors anticipate Baidu’s Q4 earnings on February 26 with EPS projected at $1.47, a 44.11% year-over-year decrease, and revenue expected at $4.68 billion, a 0.15% increase. Full-year consensus forecasts stand at $7.12 EPS (-32.38% YoY) and $18.42 billion revenue (-0.39% YoY), alongside a forward P/E of 15.47.
3. Sector AI Chip Spin-Off Trend
Alibaba plans to spin off its T-Head AI chip unit for a separate listing to attract external capital, replicating Baidu’s recent chip division strategy. This mirrors a broader push among Chinese tech firms to unlock value and could heighten competition in AI hardware.