XPeng, Inc. ADR (XPEV) reported an earnings beat for its 3rd quarter, ending 9/30/2024. Earnings per share came in at -CNH1.91, versus the expected -CNH2.12.
The reported revenue of $1.41 billion represents growth of 25.83% compared to the previous quarter, and growth of 19.74% compared to the same period last year.
For the 4th quarter, analysts project earnings of -CNH2.61 per share.
Often, earnings announcements affect a stock’s price. See a history of earnings-related price changes for XPEV stock.
What’s Next for XPeng, Inc. ADR, Post-Earnings?
According to TipRanks, the average analyst consensus on XPEV stock is a Moderate Buy. This consensus is based on 11 analyst ratings made in the past 3 months. XPeng, Inc. ADR’s average price target of $12.35 implies downside potential of -1.36% 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, XPEV price is $12.52, indicating a 5-day drop of -0.87%.
About XPeng, Inc. ADR
XPeng Inc. engages in designing, developing, manufacturing, and marketing smart electric vehicles primarily in China.The company also offers an autonomous driving software system, bank loans, vehicle leasing, and auto insurance services.
Learn more about XPEV financials here
