In the latest trading session, Baidu Inc. (BIDU) closed at $173.03, marking a +1.07% move from the previous day. This move outpaced the S&P 500's daily gain of 0.66%. Elsewhere, the Dow gained 1.03%, while the tech-heavy Nasdaq added 0.46%.Coming into today, shares of the web search company had gained 2.06% in the past month. In that same time, the Computer and Technology sector gained 5.08%, while the S&P 500 gained 3.97%.Investors will be hoping for strength from BIDU as it approaches its next earnings release. The company is expected to report EPS of $0.71, down 72.69% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.62 billion, up 8.64% from the prior-year quarter.For the full year, our Zacks Consensus Estimates are projecting earnings of $8.42 per share and revenue of $17.69 billion, which would represent changes of -12.66% and +15.4%, respectively, from the prior year.It is also important to note the recent changes to analyst estimates for BIDU. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 14.27% lower. BIDU is currently a Zacks Rank #3 (Hold).Looking at its valuation, BIDU is holding a Forward P/E ratio of 20.34. This valuation marks a discount compared to its industry's average Forward P/E of 25.52.It is also worth noting that BIDU currently has a PEG ratio of 2.59. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Services was holding an average PEG ratio of 3.32 at yesterday's closing price.The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 196, which puts it in the bottom 24% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Baidu, Inc. (BIDU): Free Stock Analysis Report To read this article on Zacks.com click here.