|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.00 - 23.32|
|52 Week Range||7.05 - 23.32|
|Beta (5Y Monthly)||1.66|
|PE Ratio (TTM)||22.94|
|Forward Dividend & Yield||0.40 (1.78%)|
|Ex-Dividend Date||Apr 05, 2021|
|1y Target Est||N/A|
German automaker Daimler (OTC: DMLR.Y) is taking its case to the public this week for its upcoming Mercedes brand electric vehicles (EVs). The company highlighted its EQS luxury sedan, and said it will unveil its all-electric compact EQB SUV this weekend at the Mercedes-EQ night in Shanghai. Both vehicles will directly take on Tesla (NASDAQ: TSLA) on the global stage.
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Soaring Chinese demand for luxury Mercedes-Benz cars and higher prices drove a better-than-expected profit for Daimler in the first quarter, helping it navigate the coronavirus crisis. Mercedes-Benz sales in China hit 220,520 vehicles in the quarter, a rise of 60%, and outmatched the German carmaker's performance in Europe where they were up 1.8% to 192,302. "Favourable sales momentum at Mercedes-Benz Cars driven by all major regions, especially China, strongly supported the product mix and pricing in the first quarter," Daimler AG said in a statement on Friday.