Baidu forecast first-quarter revenue of $1.526 billion to $1.573 billion, which smashed the Zacks consensus estimate of $1.306 billion. This would represent a 54.8% to 59.5% year-over-year increase.
The company's fourth-quarter earnings per share, though, came up short of analysts' estimates. Baidu reported adjusted EPS, excluding items, of $1.29, less than the Zacks consensus estimate of $1.38, thanks to heavy spending on investments. Revenue for the quarter totaled $1.573 billion, which beat analysts' estimate of $1.403 billion thanks to growth in the company's mobile business. This marked a 50.3% year-over-year increase and a 7.1% sequential increase.
Must Read: Baidu Surges: What Wall Street's Saying
TheStreet Ratings team rates BAIDU INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate BAIDU INC (BIDU) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."