Recap: XPeng Q4 Earnings
Portfolio Pulse from Benzinga Insights
XPeng (NYSE:XPEV) reported Q4 earnings with a 39.0% beat on estimated EPS, reporting an EPS of $-0.28 versus an estimate of $-0.46. Revenue increased by $1.09 billion from the same period last year. Despite beating last quarter's EPS estimate, the share price dropped by 7% the next day. The company has shown varied performance in past quarters with both earnings and revenue fluctuating.
March 19, 2024 | 10:05 am
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XPeng reported a significant beat on Q4 earnings estimates with a 39.0% higher EPS than expected and a substantial year-over-year revenue increase. However, past performance shows a share price drop following earnings beats.
While XPeng's Q4 earnings beat is positive, historical data indicates that even after beating estimates, the share price dropped by 7% the next day last quarter. This mixed signal suggests a neutral short-term impact on the stock price as investors may weigh the strong earnings against historical post-earnings performance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100