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The most recent trading session ended with XPeng Inc. Sponsored ADR (XPEV) standing at $12.90, reflecting a +1.9% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.61%. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 0.33%.
The company's shares have seen an increase of 46.87% over the last month, surpassing the Auto-Tires-Trucks sector's gain of 1.18% and the S&P 500's gain of 5.36%.
The investment community will be paying close attention to the earnings performance of XPeng Inc. Sponsored ADR in its upcoming release.
XPEV's full-year Zacks Consensus Estimates are calling for earnings of -$0.95 per share and revenue of $5.14 billion. These results would represent year-over-year changes of +43.45% and +19.85%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for XPeng Inc. Sponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. XPeng Inc. Sponsored ADR currently has 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 201, positioning it in the bottom 21% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
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