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Li Auto Inc. Sponsored ADR (LI) Falls More Steeply Than Broader Market: What Investors Need to Know
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Li Auto Inc. Sponsored ADR (LI - Free Report) closed at $15.73 in the latest trading session, marking a -2.85% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 2.06%. On the other hand, the Dow registered a loss of 1.76%, and the technology-centric Nasdaq decreased by 2.39%.
The stock of company has fallen by 4.65% in the past month, leading the Auto-Tires-Trucks sector's loss of 5.13% and undershooting the S&P 500's gain of 1.63%.
Market participants will be closely following the financial results of Li Auto Inc. Sponsored ADR in its upcoming release. It is anticipated that the company will report an EPS of $0.05, marking a 90.38% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.24 billion, indicating a 30.16% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.15 per share and revenue of $16.15 billion, which would represent changes of -89.13% and 0%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 21.13% lower. Li Auto Inc. Sponsored ADR is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Li Auto Inc. Sponsored ADR's current valuation metrics, including its Forward P/E ratio of 30.55. This valuation marks a premium compared to its industry average Forward P/E of 12.85.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 216, positioning it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Li Auto Inc. Sponsored ADR (LI) Falls More Steeply Than Broader Market: What Investors Need to Know
Li Auto Inc. Sponsored ADR (LI - Free Report) closed at $15.73 in the latest trading session, marking a -2.85% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 2.06%. On the other hand, the Dow registered a loss of 1.76%, and the technology-centric Nasdaq decreased by 2.39%.
The stock of company has fallen by 4.65% in the past month, leading the Auto-Tires-Trucks sector's loss of 5.13% and undershooting the S&P 500's gain of 1.63%.
Market participants will be closely following the financial results of Li Auto Inc. Sponsored ADR in its upcoming release. It is anticipated that the company will report an EPS of $0.05, marking a 90.38% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.24 billion, indicating a 30.16% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.15 per share and revenue of $16.15 billion, which would represent changes of -89.13% and 0%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 21.13% lower. Li Auto Inc. Sponsored ADR is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Li Auto Inc. Sponsored ADR's current valuation metrics, including its Forward P/E ratio of 30.55. This valuation marks a premium compared to its industry average Forward P/E of 12.85.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 216, positioning it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.