XPeng (XPEV) Scheduled to Post Quarterly Earnings on Tuesday

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

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

XPeng Trading Up 1.5 %

NYSE:XPEV opened at $6.94 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 0.18. XPeng has a 52-week low of $6.55 and a 52-week high of $19.96. The stock’s 50 day moving average price is $7.76 and its 200 day moving average price is $8.21. The company has a market capitalization of $6.54 billion, a PE ratio of -4.69 and a beta of 2.76.

Wall Street Analysts Forecast Growth

XPEV has been the topic of several analyst reports. Bank of America lowered their target price on shares of XPeng from $12.70 to $11.70 and set a “buy” rating on the stock in a report on Tuesday, July 16th. Daiwa Capital Markets raised XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, May 23rd. Daiwa America raised XPeng to a “strong-buy” rating in a research note on Thursday, May 23rd. Finally, Citigroup raised XPeng from a “sell” rating to a “neutral” rating and raised their price target for the company from $7.70 to $8.30 in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, XPeng presently has a consensus rating of “Moderate Buy” and an average target price of $11.49.

About XPeng

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.