In the latest close session, XPeng Inc. Sponsored ADR (XPEV) was up +1.59% at $17.92. The stock outpaced the S&P 500's daily loss of 0.4%. Meanwhile, the Dow experienced a drop of 0.98%, and the technology-dominated Nasdaq saw an increase of 0.18%.
The company's stock has dropped by 5.42% in the past month, falling short of the Auto-Tires-Trucks sector's gain of 0.64% and the S&P 500's gain of 4.97%.
The upcoming earnings release of XPeng Inc. Sponsored ADR will be of great interest to investors.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.28 per share and revenue of $11.44 billion, which would represent changes of +66.67% and +101.84%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for XPeng Inc Sponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. XPeng Inc. Sponsored ADR currently has a Zacks Rank of #3 (Hold).
The Automotive – Foreign industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 209, placing it within the bottom 16% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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XPeng Inc. Sponsored ADR (XPEV) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
