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Li Auto Inc. Sponsored ADR (LI) Stock Sinks As Market Gains: What You Should Know
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Li Auto Inc. Sponsored ADR (LI - Free Report) closed the most recent trading day at $12.21, moving -1.29% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.89%. Meanwhile, the Dow experienced a rise of 0.74%, and the technology-dominated Nasdaq saw an increase of 1.29%.
The stock of company has fallen by 3.51% in the past month, leading the Auto-Tires-Trucks sector's loss of 6.09% and undershooting the S&P 500's loss of 0.63%.
Analysts and investors alike will be keeping a close eye on the performance of Li Auto Inc. Sponsored ADR in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.01, marking a 107.14% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $3.73 billion, reflecting a 11.77% fall from the equivalent quarter last year.
LI's full-year Zacks Consensus Estimates are calling for earnings of -$0.08 per share and revenue of $18.69 billion. These results would represent year-over-year changes of -153.33% and +18.63%, respectively.
Investors should also note any recent changes to analyst estimates for Li Auto Inc Sponsored ADR. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 17.07% downward. Li Auto Inc. Sponsored ADR presently features a Zacks Rank of #4 (Sell).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 167, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Li Auto Inc. Sponsored ADR (LI) Stock Sinks As Market Gains: What You Should Know
Li Auto Inc. Sponsored ADR (LI - Free Report) closed the most recent trading day at $12.21, moving -1.29% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.89%. Meanwhile, the Dow experienced a rise of 0.74%, and the technology-dominated Nasdaq saw an increase of 1.29%.
The stock of company has fallen by 3.51% in the past month, leading the Auto-Tires-Trucks sector's loss of 6.09% and undershooting the S&P 500's loss of 0.63%.
Analysts and investors alike will be keeping a close eye on the performance of Li Auto Inc. Sponsored ADR in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.01, marking a 107.14% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $3.73 billion, reflecting a 11.77% fall from the equivalent quarter last year.
LI's full-year Zacks Consensus Estimates are calling for earnings of -$0.08 per share and revenue of $18.69 billion. These results would represent year-over-year changes of -153.33% and +18.63%, respectively.
Investors should also note any recent changes to analyst estimates for Li Auto Inc Sponsored ADR. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 17.07% downward. Li Auto Inc. Sponsored ADR presently features a Zacks Rank of #4 (Sell).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 167, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.