In the latest trading session, XPeng Inc. Sponsored ADR (XPEV) closed at $20.34, marking a +1.7% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 1.16% for the day. At the same time, the Dow added 1.21%, and the tech-heavy Nasdaq gained 1.18%.
The company's shares have seen an increase of 1.52% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 8.65% and the S&P 500's loss of 0.42%.
The upcoming earnings release of XPeng Inc. Sponsored ADR will be of great interest to investors. Our most recent consensus estimate is calling for quarterly revenue of $3.32 billion, up 50.52% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.23 per share and revenue of $10.95 billion, which would represent changes of +72.62% and 0%, respectively, from the prior 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. XPeng Inc. Sponsored ADR is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that XPeng Inc. Sponsored ADR has a Forward P/E ratio of 123.08 right now. This signifies a premium in comparison to the average Forward P/E of 12.41 for its industry.
Meanwhile, XPEV's PEG ratio is currently 3.18. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Automotive - Foreign industry held an average PEG ratio of 1.12.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 218, finds itself in the bottom 12% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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
XPeng Inc. Sponsored ADR (XPEV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
