Street Consensus Update on: Baidu, Inc. (NASDAQ:BIDU), Fitbit Inc (NYSE:FIT)

Street Consensus Update on: Baidu, Inc. (NASDAQ:BIDU), Fitbit Inc (NYSE:FIT)

The Wall Street analysts who cover Baidu, Inc. (NASDAQ:BIDU) shares are providing price target projections on the company. They project that the shares will move to $188.571 within the upcoming year. The number they've arrived at is calculated by, long known as a provider of top-notch investment research. From the analysts polled by Zack's Research, the highest estimate stands at $205 and the lowest is at $164 for the stock.

Analyst Ratings In View

Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for institutions and retail investors alike. This the calculated average of the actual recommendations (strong buy, hold, sell etc.) made for a given stock. The ABR is typically displayed with decimals (e.g. 1.52) versus the Zacks Rank, which is only shown in whole numbers (e.g. 1, 2, 3, etc.). This simplifies brokerage recommendations, which can become complicated. Baidu, Inc. (NASDAQ:BIDU)'s shares currently have an ABR of 1.81.

During this fiscal period, Street analysts are projecting $0.87 earnings/share. This represents the current Zacks consensus EPS. For the period which closed on 2016-06-30, Baidu, Inc. (NASDAQ:BIDU) dialed in an EPS of $1.05, creating a Surprise Factor of 11.7% (the difference between analyst projections and actual numbers). Curious investors will be awaiting 2016-11-03, the date when Baidu, Inc. (NASDAQ:BIDU) will release their quarterly results.

Wall Street sell-side research analysts covering Fitbit Inc (NYSE:FIT) shares have recently provided various price target projections on where the stock might be going. According to them, the stock is expected to reach $21.266 on a consensus level within the next year, according to Zacks. The most bullish estimate sees the stock reaching $32 while the most conservative estimate stand at $14.

Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover Fitbit Inc. They give the company shares an ABR of 2.05. This is based on the 15 analysts taken into consideration by Zacks.

Earnings Estimates for Fitbit Inc (NYSE:FIT)

Currently, Wall Street is projecting that the firm will post $0.11 earnings per share. This consensus number is also derived from Zacks. For the most recent period which ended on 2016-06-30, Fitbit Inc's EPS was reported as $0.07. This created a “surprise factor” 75% due to being $0.03 apart from what Wall Street predicted. When actual numbers differ greatly from the consensus expectations, sharp movement in the stock price can often be seen in the hours or days following the report.

Investors will mark their calendars for 2016-11-07, the date when Fitbit Inc (NYSE:FIT) are expected to release their quarterly results.