XPeng Q2 EPS Adj. $(0.43) Misses $(0.31) Estimate, Sales $698.18M Beat $694.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
XPeng (NYSE:XPEV) reported Q2 losses of $(0.43) per share, missing the analyst consensus estimate of $(0.31) by 38.71 percent. However, the company's quarterly sales of $698.18 million beat the analyst consensus estimate of $694.28 million by 0.56 percent. This represents a 37.10 percent decrease over sales of $1.11 billion the same period last year.
August 18, 2023 | 10:01 am
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NEGATIVE IMPACT
XPeng's Q2 earnings missed estimates but sales beat expectations. However, sales are down 37.10% compared to the same period last year.
XPeng's earnings miss and the significant decrease in sales YoY could negatively impact investor sentiment, potentially leading to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100