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Why the Market Dipped But XPeng Inc. Sponsored ADR (XPEV) Gained Today
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XPeng Inc. Sponsored ADR (XPEV - Free Report) closed the most recent trading day at $19.29, moving +2.28% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.49%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.65%.
Coming into today, shares of the company had gained 5.3% in the past month. In that same time, the Auto-Tires-Trucks sector lost 1.69%, while the S&P 500 gained 0.96%.
The investment community will be paying close attention to the earnings performance of XPeng Inc. Sponsored ADR in its upcoming release.
XPEV's full-year Zacks Consensus Estimates are calling for earnings of -$0.28 per share and revenue of $11.45 billion. These results would represent year-over-year changes of +66.67% and +102.04%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for XPeng Inc Sponsored ADR. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, XPeng Inc. Sponsored ADR possesses a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 194, finds itself in the bottom 22% echelons 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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Why the Market Dipped But XPeng Inc. Sponsored ADR (XPEV) Gained Today
XPeng Inc. Sponsored ADR (XPEV - Free Report) closed the most recent trading day at $19.29, moving +2.28% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.49%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.65%.
Coming into today, shares of the company had gained 5.3% in the past month. In that same time, the Auto-Tires-Trucks sector lost 1.69%, while the S&P 500 gained 0.96%.
The investment community will be paying close attention to the earnings performance of XPeng Inc. Sponsored ADR in its upcoming release.
XPEV's full-year Zacks Consensus Estimates are calling for earnings of -$0.28 per share and revenue of $11.45 billion. These results would represent year-over-year changes of +66.67% and +102.04%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for XPeng Inc Sponsored ADR. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, XPeng Inc. Sponsored ADR possesses a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 194, finds itself in the bottom 22% echelons 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.