Earnings Preview For Li Auto
Portfolio Pulse from Benzinga Insights
Li Auto (NASDAQ:LI) is scheduled to release its quarterly earnings report on Monday, 2024-02-26, with analysts expecting an EPS of $0.29. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 1.83% drop. Shares are currently trading at $34.99, up 52.88% over the last 52 weeks. Investors are looking for not just an earnings beat but also positive guidance for the next quarter.
February 23, 2024 | 2:01 pm
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Li Auto is expected to report an EPS of $0.29 for the quarter. The company's past earnings have shown mixed impacts on its stock price, with the last quarter's beat followed by a 1.83% drop. Shares have risen 52.88% over the last year.
The expected EPS of $0.29 sets a benchmark for Li Auto's performance. Historical data shows that even with earnings beats, the stock's reaction can be unpredictable, indicating a neutral short-term impact. The significant year-to-date increase in share price reflects positive investor sentiment, but the immediate reaction to the earnings report will depend on whether the company meets or exceeds expectations and provides positive future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100