FMP
XPeng Issues Lower-Than-Expected Q3 Revenue Guidance After Q2 EPS Beat
Aug 20, 2024 2:17 PM - Davit Kirakosyan
Image credit: FMP
XPeng (NYSE:XPEV) released third-quarter guidance that came in below market expectations, but shares gained nearly 2% in pre-market today.
For the second quarter, the Chinese electric vehicle maker reported a loss per share of 0.65 yuan, significantly beating analysts' forecast of a 1.70 yuan loss. Revenue for the quarter came in at 8.11 billion yuan, just below the consensus estimate of 8.19 billion yuan.
XPeng delivered 30,207 vehicles during the quarter, slightly missing the expected 30,933 units. However, the company's gross margin surpassed forecasts, reaching 14%, above the projected 12.7%. Additionally, the operating loss of 1.61 billion yuan was narrower than the anticipated loss of 1.95 billion yuan.
For the third quarter of 2024, XPeng provided revenue guidance in the range of 9.1 to 9.8 billion yuan, falling short of the average analyst estimate of 10.58 billion yuan. The company expects to deliver between 41,000 and 45,000 vehicles, compared to the forecasted 44,727 units.
Other Blogs
Nov 22, 2024 5:08 AM - Parth Sanghvi
Fundamental Analysis: Principles, Types, and How to Use It
Fundamental analysis is one of the most essential tools for investors and analysts alike, helping them assess the intrinsic value of a stock, company, or even an entire market. It focuses on the financial health and economic position of a company, often using key data such as earnings, expenses, ass...
Dec 17, 2024 8:58 AM - Sanzhi Kobzhan
Examining Tesla’s Financial Health Using FinancialModelingPrep’s Ratios API
Tesla, one of the world’s most talked-about electric vehicle manufacturers, attracts a lot of attention from investors and market watchers. By examining a snapshot of Tesla’s financial ratios—such as those provided by FinancialModelingPrep’s Ratios API—we can get a clearer picture of the company’s f...
Dec 22, 2024 7:59 AM - Sanzhi Kobzhan
Two great Software Platform Stocks Similar to Palantir (PLTR)
When it comes to cutting-edge software and data analytics, Palantir Technologies (NYSE: PLTR) is often front and center. But for many investors, it’s important to consider alternative or complementary stocks in the same sector that may offer robust growth potential. As PLTR looks expensive (overvalu...
