Baidu is Growing with Earnings to Prove It (NASDAQ:BIDU)

Baidu, Inc.(ADR) (NASDAQ:BIDU) is one of China’s hottest stocks, mopping up market share in internet search providers for the country.  As of late, Baidu has surprised with earnings the last 4 quarters, with the largest being a $0.05 per share surprise in March 2010.  Analysts having been upping their outlook for the company as well, with the current earnings estimate at $0.30 per share, up a penny from estimates 30 days ago.

Analysts are projecting a massive 97% growth in Baidu’s EPS for this year after the company posted an average 3-year earnings growth of 70%, matched closely with a 3-year sales growth of just under 74%.  Yes, it seems that Baidu is making a transition into an power house for an internet search provider. 

Checking the technicals for Baidu’s stock, we get some mixed feelings.  The short and medium term indicators are at a moderate sell, while the longer term indicator still remains in buy territory.  The chart for the stock indicates price support at current trading levels around $68, so let’s watch for this to hold strong.

Over the past 12 months Baidu Inc (BIDU) shares have traded between a 52-week low of $26.80 and its 52-week high of $82.29.  Baidu Inc shares are now trading with a P/E Ratio of 89.3 and EPS of 0.75.  At the time of this writing, BIDU shares are trading at $68.78, up 1.97% or $1.33 and volume is currently at 2.72M shares traded. Live chart with current prices below.

Baidu, Inc. (Baidu) is a Chinese-language Internet search provider. The Company conducts its operations in China principally through Baidu Online Network Technology (Beijing) Co., Ltd., its wholly owned subsidiary in Beijing, China.