Tuesday, April 24, 2012

Baidu.com (BIDU): The whisper number is $0.87

Baidu.com (BIDU): The whisper number is $0.87, three cents ahead of the analysts estimate. BIDU has a 76% positive surprise history (having topped the whisper in 16 of the 21 earnings reports for which we have data). The average price movement (starting at next market open) within ten trading days of these twenty-one earnings reports is -3.5%. The strongest price movement of -7.7% comes within twenty trading days when the company reports earnings that beat the whisper number, and -6.1% within twenty trading days when the company reports earnings that miss the whisper number (negative reactor). Last quarter the company reported earnings three cents short of the whisper number. Following that report the stock realized a 5.5% loss in five trading days. 

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