FMP
May 21, 2024 1:36 PM - Davit Kirakosyan
Chinese electric vehicle company XPeng (NYSE:XPEV) reported better-than-expected earnings and revenue for the first quarter of 2024, resulting in more than 6% rise in its shares pre-market today.
XPeng's Q1 earnings per share (EPS) were (RMB0.75), significantly beating the Street estimate of (RMB2.06). The company also exceeded revenue expectations, reporting RMB6.55 billion compared to the Street estimate of RMB6.19 billion.
This revenue marked a substantial 62.3% increase from the same period last year, despite a 49.8% decrease from the previous quarter. The company delivered 21,821 vehicles in the first quarter, a healthy 19.7% year-over-year increase. Gross margin improved significantly to 12.9%, up from 1.7% in the same quarter last year, reflecting stronger profitability.
However, XPeng's guidance for the second quarter of 2024 projects revenue between RMB7.5 billion and RMB8.3 billion, below the Street estimate of RMB9.24 billion.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...