Li Auto Inc. Sponsored ADR (LI) ended the recent trading session at $18.89, demonstrating a +2.94% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.33%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 0.59%.
Shares of the company have appreciated by 7.69% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 3.16%, and the S&P 500's loss of 0%.
Investors will be eagerly watching for the performance of Li Auto Inc. Sponsored ADR in its upcoming earnings disclosure. On that day, Li Auto Inc. Sponsored ADR is projected to report earnings of $0.05 per share, which would represent a year-over-year decline of 90.38%. Alongside, our most recent consensus estimate is anticipating revenue of $4.24 billion, indicating a 30.16% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.14 per share and a revenue of $16.15 billion, signifying shifts of -89.86% and -19.6%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Li Auto Inc Sponsored ADR. Recent revisions tend to reflect the latest near-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Li Auto Inc. Sponsored ADR holds a Zacks Rank of #4 (Sell).
Looking at its valuation, Li Auto Inc. Sponsored ADR is holding a Forward P/E ratio of 35.7. This valuation marks a premium compared to its industry average Forward P/E of 13.33.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during 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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