XPEV - Xpeng Q1 2023 Earnings Preview: What to Expect

2023-05-23 12:44:55 ET

Xpeng ( NYSE: XPEV ) is scheduled to announce Q1 earnings results on Wednesday, May 24th, before market open.

The consensus EPS estimate is -$0.33 (-17.9% Y/Y) and the consensus revenue estimate is $712.67M (-39.6% Y/Y).

Over the last 2 years, XPEV has beaten EPS and revenue estimates 63% of the time.

Over the last 3 months, EPS estimates have seen 0 upward revision and 2 downward revisions. Revenue estimates have seen 0 upward revision and 2 downward revisions.

Last quarter earnings:

Q4 non-GAAP EPADS of -$0.37 missed by $0.02. Revenue of $750M (-39.9% Y/Y) missed by $24.44M.

Q1 revenue guidance of between RMB4.0B and RMB4.2B, representing Y/Y decrease of ~ 43.7%-46.3%.

The Chinese automaker had reported continued margin compression.

Peer performance:

Rivian Q1 non-GAAP EPS of -$1.25 beats by $0.34. Revenue of $661M (+595.8% Y/Y) misses by $4.28M.

Ratings action:

Jefferies upgraded XPeng to Hold from Underperform, and revised the price target to $9.30 from $4.20, on the back of strong sales of P7i and the company's advanced driver assistance systems leadership.

The average sell-side analyst rating is Buy, with an average price target of $12.12.

Seeking Alpha's Quant Rating system and analysts give the stock a Hold rating.

The stock is currently trading at $9.17.

Recent analysis:

XPeng: Expensive EV Company In A Highly Competitive Market

XPeng: Credibility Needs To Be Earned Through Deliveries

XPeng: The Intense Price Wars May Lead To Compressed Margins

Recent analysis:

Electric vehicle stocks drop as fears of a pricing war reverberate

XPeng introduces new mass market SUV at Auto Shanghai

Stock movement YTD:

For further details see: