XPeng Inc. Sponsored ADR (XPEV) closed the most recent trading day at $6.94, up 1.46% from the previous trading session. The stock’s performance outperformed the S&P 500’s daily gain of 0.2%. Meanwhile, the Dow saw a 0.24% gain and the tech-dominated Nasdaq gained 0.21%.

The company’s shares fell 18.08% month-over-month, lagging the Auto, Tires & Trucks sector’s loss of 13.68% and the S&P 500’s loss of 1.49%.

The upcoming earnings release of XPeng Inc. Sponsored ADR will be of great interest to investors. The company’s earnings report is expected on August 20, 2024.

For the full fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.91 per share and revenue of $6.32 billion, representing year-over-year changes of +45.83% and +47.22%, respectively.

Investors should also pay attention to recent changes in analyst estimates for XPeng Inc. Sponsored ADR. These revisions help to highlight the constant change in near-term business trends. Consequently, upward revisions to estimates express analysts’ positive view of the company’s business and its ability to generate earnings.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we have developed the Zacks Rank, a proprietary model that incorporates these estimate changes and provides a functional rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell) and has a proven, outside-audited track record of success, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there has been a 0.36% increase in the Zacks Consensus EPS estimate. Currently, XPeng Inc. Sponsored ADR has a Zacks Rank of #2 (Buy).

The Automotive – Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry has a Zacks Industry Rank of 170, putting it in the bottom 33% 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% of industries outperform the bottom half by a factor of 2 to 1.

Don’t forget to rely on Zacks.com in the following trading sessions to keep track of all these and other metrics that affect the stock.

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XPeng Inc. Sponsored ADR (XPEV): Free Stock Analysis Report

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