In the latest trading session, XPeng Inc. Sponsored ADR (XPEV) closed at $21.47, marking a +1.08% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.89%.
The stock of company has fallen by 0.14% in the past month, lagging the Auto-Tires-Trucks sector's gain of 1.15% and the S&P 500's gain of 0.16%.
Investors will be eagerly watching for the performance of XPeng Inc. Sponsored ADR in its upcoming earnings disclosure. Our most recent consensus estimate is calling for quarterly revenue of $2.87 billion, up 99.47% from the year-ago period.
XPEV's full-year Zacks Consensus Estimates are calling for earnings of -$0.22 per share and revenue of $11.17 billion. These results would represent year-over-year changes of +73.81% and +96.98%, respectively.
It is also important to note the recent changes to analyst estimates for XPeng Inc Sponsored ADR. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, the Zacks Consensus EPS estimate has shifted 20.18% upward. Right now, XPeng Inc. Sponsored ADR possesses a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 185, this industry ranks in the bottom 26% of all industries, numbering over 250.
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.
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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