Li Auto Expects Q1 Revenue of $4.40B-$4.53B Vs $5.43B Est, Vehicle Deliveries of 100K-103K
Portfolio Pulse from Benzinga Newsdesk
Li Auto forecasts Q1 2024 revenue between $4.40B-$4.53B, below the $5.43B estimate, with vehicle deliveries expected to be 100K-103K, marking an increase of 90.2%-95.9% from Q1 2023.
February 26, 2024 | 8:41 am
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Li Auto expects Q1 2024 revenue to fall short of estimates at $4.40B-$4.53B, but vehicle deliveries are projected to significantly increase by 90.2%-95.9% from Q1 2023.
While the revenue forecast falls short of expectations, the significant projected increase in vehicle deliveries suggests strong demand and operational growth. This mixed outlook could lead to neutral short-term stock price movement as investors weigh the lower-than-expected revenue against the positive delivery growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100