XPeng (XPEV) Set to Announce Earnings on Tuesday

XPeng (NYSE:XPEV) will announce its earnings results before the market opens on Tuesday, November 19th. XPeng has set its Q3 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Tuesday, August 20th. The company reported ($0.19) earnings per share (EPS) for the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. The firm had revenue of $1.12 billion for the quarter. On average, analysts expect XPeng to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

XPeng Trading Up 0.9 %

XPeng stock opened at $12.74 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.31 and a current ratio of 1.50. XPeng has a 52 week low of $6.55 and a 52 week high of $18.74. The stock has a 50-day simple moving average of $11.44 and a 200 day simple moving average of $9.16. The stock has a market capitalization of $12.00 billion, a P/E ratio of -10.44 and a beta of 2.80.

Wall Street Analyst Weigh In

Several research firms have recently commented on XPEV. Bank of America decreased their target price on XPeng from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Macquarie raised shares of XPeng from a “neutral” rating to an “outperform” rating in a research note on Friday, August 30th. Citigroup reduced their price objective on XPeng from $8.30 to $7.60 and set a “neutral” rating on the stock in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. raised shares of XPeng from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $8.00 to $11.50 in a report on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, XPeng presently has an average rating of “Buy” and an average target price of $9.42.

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.