Li Auto Inc. Sponsored ADR (LI) closed the most recent trading day at $17.34, moving +1.88% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.51%. On the other hand, the Dow registered a gain of 0.53%, and the technology-centric Nasdaq decreased by 1.51%.
The company's stock has climbed by 0.18% in the past month, exceeding the Auto-Tires-Trucks sector's loss of 1.25% and lagging the S&P 500's gain of 0.93%.
Analysts and investors alike will be keeping a close eye on the performance of Li Auto Inc. Sponsored ADR in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.05, signifying a 90.38% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.24 billion, down 30.16% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.14 per share and revenue of $16.15 billion, which would represent changes of -89.86% and 0%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Li Auto Inc Sponsored ADR. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Li Auto Inc. Sponsored ADR is holding a Zacks Rank of #4 (Sell) right now.
In the context of valuation, Li Auto Inc. Sponsored ADR is at present trading with a Forward P/E ratio of 33.11. For comparison, its industry has an average Forward P/E of 13.26, which means Li Auto Inc. Sponsored ADR is trading at a premium to the group.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 30% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Li Auto Inc. Sponsored ADR (LI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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