Baidu's Search For Stability: Can Q2 Earnings Counter Bearish Signals?
BIDU(BIDU) Benzinga·2024-08-22 01:44
Baidu Inc BIDU will be reporting its second-quarter earnings on Thursday. Wall Street expects $2.76 in EPS and $4.4 billion in revenues as the company reports before market hours.The stock is down about 28.5% over the past year, 22.6% YTD.Let’s look at what the charts indicate for Baidu stock and how the stock currently maps against Wall Street estimates.Bearish Momentum Driving Baidu Stock Ahead of Q2 EarningsBaidu’s stock is currently navigating through a mixed technical landscape, with several indicators ...