XPeng's Earnings Outlook
Portfolio Pulse from Benzinga Insights
XPeng (NYSE:XPEV) is scheduled to release its quarterly earnings report on March 19, 2024, with analysts expecting an EPS of $-0.46. Despite past earnings beats, XPeng's share price has experienced declines following earnings announcements. Shares are currently trading at $9.64, reflecting a 1.06% decrease over the last year. Investors are particularly focused on the company's guidance for future growth.
March 18, 2024 | 8:00 pm
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NEUTRAL IMPACT
XPeng is expected to report an EPS of $-0.46 for the upcoming quarter. Historical data shows that despite past earnings beats, the stock price has declined following announcements. Currently, shares are trading at $9.64, down 1.06% over the last year.
The expected EPS of $-0.46 sets a cautious tone for XPeng's upcoming earnings report. Historical performance indicates that even when XPeng beats earnings estimates, its stock price tends to drop, suggesting a pattern that might continue. However, the stock's current price and the year-over-year decrease highlight ongoing investor concerns, making the upcoming guidance crucial for short-term stock movement. The neutral score reflects the uncertainty of the stock's direction post-earnings, considering both the potential for a positive surprise in earnings or guidance and the historical trend of post-earnings price declines.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100