You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media.This story originally appeared on Zacks
XPeng Inc. Sponsored ADR (XPEV) closed at $34.55 in the latest trading session, marking a -0.35% move from the prior day. This change lagged the S&P 500’s daily gain of 0.16%.
– Zacks
Heading into today, shares of the company had lost 18.42% over the past month, lagging the Auto-Tires-Trucks sector’s gain of 4.49% and the S&P 500’s loss of 3.32% in that time.
Wall Street will be looking for positivity from XPEV as it approaches its next earnings report date.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.89 per share and revenue of $2.9 billion. These totals would mark changes of +27.05% and +223.5%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for XPEV. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 4.53% lower within the past month. XPEV is currently a Zacks Rank #3 (Hold).
The Automotive – Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 74, putting it in the top 30% 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.
To follow XPEV in the coming trading sessions, be sure to utilize Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
XPeng Inc. Sponsored ADR (XPEV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
Nespresso Capsules Vertuo, Melozio, Medium Roast Coffee, 30-Count Coffee Pods, Brews 7.77 fl. oz.
$37.50 (as of June 28, 2024 21:10 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Apple AirTag
$24.99 (as of June 28, 2024 21:10 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
USB C Charger iPhone Charger Fast Charging 3Pack 20W Type C Wall Charger Block with 6FT Long USB C to Lightning Cable Compatible with for iPhone 14Pro/13 Pro/12/12 Pro Max/11/XS Max/XS/XR/X/8
$23.99 (as of June 28, 2024 21:10 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Bicycle Rider Back Playing Cards, Standard Index, Poker Cards, Premium Playing Cards, Red & Blue, 2 Count (Pack of 1)
$4.89 (as of June 28, 2024 21:10 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
