In the latest close session, XPeng Inc. Sponsored ADR (XPEV) was down 3.11% at $23.07. This change lagged the S&P 500's daily gain of 0.01%. Meanwhile, the Dow gained 0.51%, and the Nasdaq, a tech-heavy index, lost 0.28%.
Coming into today, shares of the company had gained 20.01% in the past month. In that same time, the Auto-Tires-Trucks sector gained 18.31%, while the S&P 500 gained 4.83%.
The investment community will be paying close attention to the earnings performance of XPeng Inc. Sponsored ADR in its upcoming release.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.27 per share and revenue of $11.56 billion, which would represent changes of +67.86% and +103.95%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for XPeng Inc Sponsored ADR. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, XPeng Inc. Sponsored ADR is carrying a Zacks Rank of #3 (Hold).
The Automotive – Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 177, this industry ranks in the bottom 29% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow XPEV in the coming trading sessions, be sure to utilize Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).
