TipRanks

Notifications

Li Auto, Inc. Earnings Update: Did it Beat Estimate Forecasts?

Li Auto, Inc. (LI) reported an earnings beat for its 1st quarter, ending 3/31/2023. Earnings per share came in at CNH0.67, versus the expected CNH0.36.

The reported revenue of $2.75 billion represents growth of 10.71% compared to the previous quarter, and growth of 82.31% compared to the same period last year.

For the 2nd quarter, analysts project earnings of CNH0.76 per share.

Often, earnings announcements affect a stock’s price. See a history of earnings-related price changes for LI stock.


What’s Next for Li Auto, Inc., Post-Earnings?

According to TipRanks, the average analyst consensus on LI stock is a Strong Buy. This consensus is based on 5 analyst ratings made in the past 3 months. Li Auto, Inc.’s average price target of $37.30 implies upside potential of 32.18% from current levels.

See our Earnings Calendar for a full list of this week’s earnings releases.


Bottom Line

An earnings beat can signify positive movement ahead for a stock’s price. Currently, LI price is $28.22, indicating a 5-day rise of 17.93%.


About Li Auto, Inc.

Li Auto Inc. is a Chinese electric vehicle manufacturer. The company engages in designing, developing, manufacturing, and selling premium smart electric SUVs.

Learn more about LI financials here

Tags: