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Li Auto Inc. Sponsored ADR (LI) Stock Sinks As Market Gains: Here's Why
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Li Auto Inc. Sponsored ADR (LI - Free Report) closed the most recent trading day at $12.34, moving -1.52% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 2.35%. On the other hand, the Dow registered a gain of 2.15%, and the technology-centric Nasdaq increased by 2.74%.
Heading into today, shares of the company had gained 8.58% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 2.52% and the S&P 500's loss of 5.6%.
Analysts and investors alike will be keeping a close eye on the performance of Li Auto Inc. Sponsored ADR in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.08, showcasing a 11.11% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $4.09 billion, up 6.41% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.72 per share and a revenue of $16.3 billion, indicating changes of -580% and +3.45%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Li Auto Inc Sponsored ADR. 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.85% fall in the Zacks Consensus EPS estimate. Li Auto Inc. Sponsored ADR is currently sporting a Zacks Rank of #5 (Strong Sell).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 191, positioning it in the bottom 23% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Li Auto Inc. Sponsored ADR (LI) Stock Sinks As Market Gains: Here's Why
Li Auto Inc. Sponsored ADR (LI - Free Report) closed the most recent trading day at $12.34, moving -1.52% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 2.35%. On the other hand, the Dow registered a gain of 2.15%, and the technology-centric Nasdaq increased by 2.74%.
Heading into today, shares of the company had gained 8.58% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 2.52% and the S&P 500's loss of 5.6%.
Analysts and investors alike will be keeping a close eye on the performance of Li Auto Inc. Sponsored ADR in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.08, showcasing a 11.11% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $4.09 billion, up 6.41% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.72 per share and a revenue of $16.3 billion, indicating changes of -580% and +3.45%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Li Auto Inc Sponsored ADR. 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.85% fall in the Zacks Consensus EPS estimate. Li Auto Inc. Sponsored ADR is currently sporting a Zacks Rank of #5 (Strong Sell).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 191, positioning it in the bottom 23% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.