Xpeng Q4 earnings preview: Cautious on hopes of recovery in 2023 (NYSE:XPEV)
Xpeng (NYSE:XPEV) is scheduled to release its fourth-quarter earnings results on Friday, March 17, before the market opens.
Consensus EPS estimate is -$0.35 (-59.1% Y/Y) and a Consensus Estimate of $774.44M (-42.2% Y/Y).
In the past 2 years, XPEV beat the EPS . estimate 63% of the time and beat estimated sales 75% of the time.
Shares of the Chinese EV maker have plummeted over the past year, falling more than -70%. SA has warned that the stocks are high risk of poor performance amid slowing momentum and lower profitability when compared to other consumer discretionary stocks.
XPeng (XPEV) get one Sell Reviews from SA’s Quant system, though author SA And Wall Street analysts still consider the stock a Buy.
Rise Political tension between China and the USOne Price war in China among major automakers, and some mixed monthly income the result has reached XPeng (XPEV) in recent months.
Stocks have shown significant volatility on earnings days, Jump over +30% after its most recent results.
In addition, the stock is due to be added to many major indexes in China in March. Car manufacturers also looking to expand to Europe in 2023, according to an announcement made in January.
Like other players in the industry, the electric vehicle maker also announced price cuts at the start of the year in an effort to boost sales after recording a 2.5% decline in 2022.
JPMorgan warns in a downgrade in January that although XPeng (XPEV) will benefit from the reopening of trade for the Chinese auto sector, which faces significant price competition in the mass segment.
On the other hand, SA contributor The Asian Investor noticed the delivery make a full recovery March. This, coupled with new product launches, could boost XPeng’s (XPEV) future delivery growth.