In the latest close session, XPeng Inc. Sponsored ADR (XPEV) was down 8.29% at $16.49. This move lagged the S&P 500's daily gain of 0.54%. Meanwhile, the Dow experienced a rise of 1.05%, and the technology-dominated Nasdaq saw an increase of 0.56%.
The stock of company has fallen by 11.99% in the past month, lagging the Auto-Tires-Trucks sector's loss of 2.82% and the S&P 500's gain of 0.74%.
Market participants will be closely following the financial results of XPeng Inc. Sponsored ADR in its upcoming release. Alongside, our most recent consensus estimate is anticipating revenue of $3.32 billion, indicating a 50.52% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.23 per share and a revenue of $10.95 billion, representing changes of +72.62% and 0%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for XPeng Inc Sponsored ADR. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. XPeng Inc. Sponsored ADR is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that XPeng Inc. Sponsored ADR has a Forward P/E ratio of 110.65 right now. This indicates a premium in contrast to its industry's Forward P/E of 12.88.
We can additionally observe that XPEV currently boasts a PEG ratio of 2.86. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Automotive - Foreign industry was having an average PEG ratio of 1.13.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 192, finds itself in the bottom 22% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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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