XPeng (XPEV) Scheduled to Post Earnings on Tuesday

XPeng (NYSE:XPEV) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, August 20th. XPeng has set its Q2 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

XPeng (NYSE:XPEV) last released its earnings results on Tuesday, May 21st. The company reported ($0.20) EPS for the quarter. XPeng had a negative return on equity of 28.16% and a negative net margin of 28.16%. The company had revenue of $906.90 million during the quarter. On average, analysts expect XPeng to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

XPeng Price Performance

Shares of NYSE:XPEV opened at $6.94 on Monday. The business has a fifty day moving average price of $7.76 and a 200-day moving average price of $8.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.32. The company has a market capitalization of $6.54 billion, a PE ratio of -4.69 and a beta of 2.76. XPeng has a 1-year low of $6.55 and a 1-year high of $19.96.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on XPEV shares. Daiwa America upgraded shares of XPeng to a “strong-buy” rating in a research note on Thursday, May 23rd. Bank of America reduced their price target on shares of XPeng from $12.70 to $11.70 and set a “buy” rating for the company in a research report on Tuesday, July 16th. Citigroup upgraded shares of XPeng from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $7.70 to $8.30 in a report on Tuesday, June 25th. Finally, Daiwa Capital Markets upgraded XPeng from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, XPeng currently has a consensus rating of “Moderate Buy” and an average price target of $11.49.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.