XPeng Expects Q3 Vehicle Deliveries Of 41K-45K, Up By 2.5%-12.5% YoY, Revenue Of RMB9.1B-RMB9.8B Vs RMB10.50B Est
Portfolio Pulse from Benzinga Newsdesk
XPeng projects Q3 2024 vehicle deliveries between 41,000 and 45,000, marking a 2.5% to 12.5% YoY increase. Revenue is expected to be RMB9.1B to RMB9.8B, a 6.7% to 14.9% YoY rise, but below the RMB10.50B estimate.
August 20, 2024 | 9:39 am
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XPeng's Q3 2024 guidance shows a modest increase in vehicle deliveries and revenue, but revenue expectations fall short of analyst estimates.
XPeng's projected revenue for Q3 2024 is below analyst expectations, which could negatively impact investor sentiment and the stock price in the short term. However, the increase in vehicle deliveries may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100