• Baidu Inc BIDU.OQ reported quarterly adjusted earnings of CNY10.62​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of CNY19.29. The mean expectation of nineteen analysts for the quarter was for earnings of CNY9.25 per share. Wall Street expected results to range from CNY6.29 to CNY11.25 per share.

• Revenue fell 4.1% to CNY32.74 billion from a year ago; analysts expected CNY32.62 billion.

• Baidu Inc's reported EPS for the quarter was CNY3.71​.

• The company reported quarterly net income of CNY1.78 billion.

• Baidu Inc shares had risen by 1.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.2% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy," 5 "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 $175.50, about 24.4% above its last closing price of $132.65

This summary was machine generated from LSEG data February 26 at 02:30 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)