XPeng Inc. Sponsored ADR (XPEV) closed at $22.91 in the latest trading session, marking a -5.29% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.28%. Meanwhile, the Dow experienced a drop of 0.52%, and the technology-dominated Nasdaq saw a decrease of 0.08%.
Heading into today, shares of the company had gained 20.35% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 16.32% and the S&P 500's gain of 4.03%.
Market participants will be closely following the financial results of XPeng Inc. Sponsored ADR in its upcoming release. Meanwhile, the latest consensus estimate predicts the revenue to be $2.87 billion, indicating a 99.47% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.27 per share and revenue of $11.56 billion, indicating changes of +67.86% and +103.95%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for XPeng Inc Sponsored ADR. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 is holding a Zacks Rank of #3 (Hold) right now.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
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XPeng Inc. Sponsored ADR (XPEV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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