Baidu Hopes for an Earnings Energy Shot

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Baidu (NASDAQ:BIDU) is expected to report earnings on Wednesday, July 24. The whisper number is $1.22, one cent ahead of the analysts’ estimate. Whispers range from a low of $1.20 to a high of $1.23. BIDU has a 69 percent positive surprise history (having topped the whisper in 18 of the 26 earnings reports for which we have data).

Earnings history:

- Beat whisper: 18 quarters
- Met whisper: 1 quarters
- Missed whisper: 7 quarters

Our primary focus is on post earnings price movement. Knowing how likely a stock’s price will move following an earnings report can help you determine the best action to take (long or short). In other words, we look at what happens when the company beats or misses the whisper number expectation.

The table below indicates the average post earnings price movement within a one and thirty trading day timeframe:

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