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In the latest trading session, XPeng Inc. Sponsored ADR (XPEV) closed at $18.60, marking a -0.37% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.15%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.09%.
Shares of the company witnessed a loss of 10.93% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 6.45% and the S&P 500's loss of 0.21%.
Market participants will be closely following the financial results of XPeng Inc. Sponsored ADR in its upcoming release.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.29 per share and a revenue of $10.9 billion, representing changes of +65.48% and +92.21%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for XPeng Inc. Sponsored ADR. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, XPeng Inc. Sponsored ADR holds a Zacks Rank of #3 (Hold).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 207, positioning it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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XPeng Inc. Sponsored ADR (XPEV) : Free Stock Analysis Report