XPeng Expects Q2 Revenue of RMB7.5B-RMB8.3B Vs RMB9.829B Est, Deliveries of Vehicles of 29K-32K
Portfolio Pulse from Benzinga Newsdesk
XPeng expects Q2 2024 revenue to be between RMB7.5 billion and RMB8.3 billion, below the estimated RMB9.829 billion. Vehicle deliveries are projected to be between 29,000 and 32,000, showing a year-over-year increase of 25.0% to 37.9%.
May 21, 2024 | 9:37 am
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XPeng's Q2 2024 revenue forecast of RMB7.5B-RMB8.3B is below the estimated RMB9.829B, which may concern investors. However, vehicle deliveries are expected to increase significantly year-over-year.
The revenue forecast being below estimates is likely to have a negative short-term impact on the stock price. However, the significant year-over-year increase in vehicle deliveries may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100