FMP

FMP

XPeng Shares Gain 6% Following Q1 Beat

-

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

Chinese electric vehicle company XPeng (NYSE:XPEV) reported better-than-expected earnings and revenue for the first quarter of 2024, resulting in more than 6% rise in its shares pre-market today.

XPeng's Q1 earnings per share (EPS) were (RMB0.75), significantly beating the Street estimate of (RMB2.06). The company also exceeded revenue expectations, reporting RMB6.55 billion compared to the Street estimate of RMB6.19 billion.

This revenue marked a substantial 62.3% increase from the same period last year, despite a 49.8% decrease from the previous quarter. The company delivered 21,821 vehicles in the first quarter, a healthy 19.7% year-over-year increase. Gross margin improved significantly to 12.9%, up from 1.7% in the same quarter last year, reflecting stronger profitability.

However, XPeng's guidance for the second quarter of 2024 projects revenue between RMB7.5 billion and RMB8.3 billion, below the Street estimate of RMB9.24 billion.

Other Blogs

Nov 22, 2024 5:08 AM - Parth Sanghvi

Fundamental Analysis: Principles, Types, and How to Use It

Fundamental analysis is one of the most essential tools for investors and analysts alike, helping them assess the intrinsic value of a stock, company, or even an entire market. It focuses on the financial health and economic position of a company, often using key data such as earnings, expenses, ass...

blog post title

Dec 17, 2024 8:58 AM - Sanzhi Kobzhan

Examining Tesla’s Financial Health Using FinancialModelingPrep’s Ratios API

Tesla, one of the world’s most talked-about electric vehicle manufacturers, attracts a lot of attention from investors and market watchers. By examining a snapshot of Tesla’s financial ratios—such as those provided by FinancialModelingPrep’s Ratios API—we can get a clearer picture of the company’s f...

blog post title

Dec 22, 2024 7:59 AM - Sanzhi Kobzhan

Two great Software Platform Stocks Similar to Palantir (PLTR)

When it comes to cutting-edge software and data analytics, Palantir Technologies (NYSE: PLTR) is often front and center. But for many investors, it’s important to consider alternative or complementary stocks in the same sector that may offer robust growth potential. As PLTR looks expensive (overvalu...

blog post title