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Li Auto Inc. Sponsored ADR (LI) Dips More Than Broader Market: What You Should Know
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Li Auto Inc. Sponsored ADR (LI - Free Report) closed at $11.41 in the latest trading session, marking a -1.17% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq lost 0.44%.
Coming into today, shares of the company had lost 2.29% in the past month. In that same time, the Auto-Tires-Trucks sector gained 0.28%, while the S&P 500 gained 2.36%.
Market participants will be closely following the financial results of Li Auto Inc. Sponsored ADR in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.08, reflecting a 11.11% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.09 billion, indicating a 6.41% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.71 per share and revenue of $16.33 billion. These totals would mark changes of -573.33% and +3.68%, respectively, from last year.
Any recent changes to analyst estimates for Li Auto Inc. Sponsored ADR should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 29.09% lower. Currently, Li Auto Inc. Sponsored ADR is carrying a Zacks Rank of #3 (Hold).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 90, finds itself in the top 37% echelons 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Li Auto Inc. Sponsored ADR (LI) Dips More Than Broader Market: What You Should Know
Li Auto Inc. Sponsored ADR (LI - Free Report) closed at $11.41 in the latest trading session, marking a -1.17% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq lost 0.44%.
Coming into today, shares of the company had lost 2.29% in the past month. In that same time, the Auto-Tires-Trucks sector gained 0.28%, while the S&P 500 gained 2.36%.
Market participants will be closely following the financial results of Li Auto Inc. Sponsored ADR in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.08, reflecting a 11.11% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.09 billion, indicating a 6.41% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.71 per share and revenue of $16.33 billion. These totals would mark changes of -573.33% and +3.68%, respectively, from last year.
Any recent changes to analyst estimates for Li Auto Inc. Sponsored ADR should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 29.09% lower. Currently, Li Auto Inc. Sponsored ADR is carrying a Zacks Rank of #3 (Hold).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 90, finds itself in the top 37% echelons 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.