• Baidu Inc BIDU.OQ reported quarterly adjusted earnings of CNY13.58​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of CNY21.02. The mean expectation of nineteen analysts for the quarter was for earnings of CNY13.12 per share. Wall Street expected results to range from CNY9.65 to CNY17.25 per share.

• Revenue fell 3.6% to CNY32.71 billion from a year ago; analysts expected CNY32.76 billion.

• Baidu Inc's reported EPS for the quarter was CNY20.35​.

• The company reported quarterly net income of CNY7.32 billion.

• Baidu Inc shares had risen by 3.9% this quarter and gained 5.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 23.3% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Baidu Inc is $99.05, about 10.1% above its last closing price of $89.07

This summary was machine generated from LSEG data August 20 at 01:30 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)