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XPeng Inc. Sponsored ADR (XPEV) closed the most recent trading day at $24.47, moving +0.16% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.28%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.01%.
Prior to today's trading, shares of the company had lost 19.32% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 15.86% and the S&P 500's gain of 8.35% in that time.
Investors will be hoping for strength from XPeng Inc. Sponsored ADR as it approaches its next earnings release. In that report, analysts expect XPeng Inc. Sponsored ADR to post earnings of -$2.61 per share. This would mark a year-over-year decline of 1142.86%.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$3.72 per share and revenue of $5.81 billion, which would represent changes of -332.56% and +77.96%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for XPeng Inc. Sponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate has moved 7.81% higher. XPeng Inc. Sponsored ADR is currently sporting a Zacks Rank of #3 (Hold).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 144, putting it in the bottom 43% of all 250+ industries.
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 Report
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