We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why Li Auto Inc. Sponsored ADR (LI) Outpaced the Stock Market Today
Read MoreHide Full Article
Li Auto Inc. Sponsored ADR (LI - Free Report) closed the most recent trading day at $25.83, moving +1.29% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.06%. Meanwhile, the Dow experienced a rise of 0.17%, and the technology-dominated Nasdaq saw an increase of 0.39%.
Prior to today's trading, shares of the company had gained 5.81% lagged the Auto-Tires-Trucks sector's gain of 21% and outpaced the S&P 500's gain of 3.94%.
The investment community will be paying close attention to the earnings performance of Li Auto Inc. Sponsored ADR in its upcoming release.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.71 per share and revenue of $19.6 billion, which would represent changes of -48.55% and -2.4%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Li Auto Inc Sponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 23.98% decrease. Right now, Li Auto Inc. Sponsored ADR possesses a Zacks Rank of #3 (Hold).
Investors should also note Li Auto Inc. Sponsored ADR's current valuation metrics, including its Forward P/E ratio of 35.92. This indicates a premium in contrast to its industry's Forward P/E of 12.12.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 174, finds itself in the bottom 30% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why Li Auto Inc. Sponsored ADR (LI) Outpaced the Stock Market Today
Li Auto Inc. Sponsored ADR (LI - Free Report) closed the most recent trading day at $25.83, moving +1.29% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.06%. Meanwhile, the Dow experienced a rise of 0.17%, and the technology-dominated Nasdaq saw an increase of 0.39%.
Prior to today's trading, shares of the company had gained 5.81% lagged the Auto-Tires-Trucks sector's gain of 21% and outpaced the S&P 500's gain of 3.94%.
The investment community will be paying close attention to the earnings performance of Li Auto Inc. Sponsored ADR in its upcoming release.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.71 per share and revenue of $19.6 billion, which would represent changes of -48.55% and -2.4%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Li Auto Inc Sponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 23.98% decrease. Right now, Li Auto Inc. Sponsored ADR possesses a Zacks Rank of #3 (Hold).
Investors should also note Li Auto Inc. Sponsored ADR's current valuation metrics, including its Forward P/E ratio of 35.92. This indicates a premium in contrast to its industry's Forward P/E of 12.12.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 174, finds itself in the bottom 30% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.