Could BIDU shares go up before upcoming earnings? Here's what history can tell us

7 May 2024, 11:06 AM

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By Dmitry Pargamanik

BIDU Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, BIDU stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 1.8% Gains
BIDU is scheduled to report earnings on 16-May-2024. The last time Baidu - American Depositary Shares Each Representing 8 Ordinary Share reported earnings on Feb 28, 2024, the stock dropped by -8.1% to close at $103.31. At its current price of $110.36, BIDU post earnings drift is +6.8%. Typically, traders tended to bid up BIDU shares (heading into earnings) prior to its scheduled release.

BIDU Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves BIDU had for the last 12 quarters around earnings. The 1 week run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 1.8%. That was actually a better bullish play than holding BIDU through earnings that saw a 0.3% gain.

BIDU historical stock price movement before earnings

Go to BIDU Historical Price Movements Around Earnings page



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