Li Auto Expects Q3 Revenue Of $5.4B-$5.8B Vs $5.74B Est, Deliveries Of 145K-155K (Up By 38.0%-47.5% YoY)
Portfolio Pulse from Benzinga Newsdesk
Li Auto projects Q3 2024 revenue between $5.4B and $5.8B, slightly below the $5.74B estimate, with vehicle deliveries expected to rise 38%-47.5% YoY.
August 28, 2024 | 8:38 am
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Li Auto's Q3 2024 revenue forecast of $5.4B-$5.8B is slightly below the $5.74B estimate, but vehicle deliveries are expected to increase significantly by 38%-47.5% YoY.
The revenue forecast is slightly below market expectations, which could be seen as a negative. However, the strong growth in vehicle deliveries may offset this, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100