XPeng (XPEV) to Release Earnings on Wednesday

XPeng (NYSE:XPEVGet Rating) is set to release its earnings data before the market opens on Wednesday, November 30th. Analysts expect XPeng to post earnings of ($0.46) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

XPeng (NYSE:XPEVGet Rating) last released its quarterly earnings data on Tuesday, August 23rd. The company reported ($0.47) EPS for the quarter, beating the consensus estimate of ($2.61) by $2.14. The business had revenue of $1.11 billion during the quarter. XPeng had a negative net margin of 24.82% and a negative return on equity of 17.44%. On average, analysts expect XPeng to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

XPeng Stock Performance

NYSE XPEV opened at $7.03 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.97 and a quick ratio of 1.78. XPeng has a 1-year low of $6.18 and a 1-year high of $56.45. The business has a 50 day simple moving average of $10.03 and a two-hundred day simple moving average of $19.31. The stock has a market capitalization of $6.01 billion, a PE ratio of -5.33 and a beta of 2.62.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup downgraded XPeng from a “buy” rating to a “sell” rating in a research report on Friday, October 28th. Macquarie cut XPeng from an “outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research note on Wednesday, August 3rd. Barclays dropped their target price on shares of XPeng from $22.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Friday, October 28th. Finally, UBS Group raised shares of XPeng from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $34.00 to $13.00 in a research note on Thursday, November 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, XPeng has a consensus rating of “Hold” and an average target price of $33.17.

Hedge Funds Weigh In On XPeng

Hedge funds have recently made changes to their positions in the company. Carolinas Wealth Consulting LLC increased its stake in shares of XPeng by 12.5% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 4,500 shares of the company’s stock worth $124,000 after acquiring an additional 500 shares during the last quarter. US Bancorp DE grew its stake in shares of XPeng by 13.9% in the first quarter. US Bancorp DE now owns 6,271 shares of the company’s stock valued at $173,000 after buying an additional 767 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of XPeng by 50.0% in the 1st quarter. Captrust Financial Advisors now owns 2,400 shares of the company’s stock valued at $66,000 after buying an additional 800 shares during the period. Equitable Holdings Inc. boosted its holdings in XPeng by 4.7% during the 1st quarter. Equitable Holdings Inc. now owns 20,061 shares of the company’s stock valued at $553,000 after acquiring an additional 900 shares during the period. Finally, APG Asset Management N.V. increased its stake in XPeng by 2.6% during the first quarter. APG Asset Management N.V. now owns 47,002 shares of the company’s stock worth $1,165,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 25.15% of the company’s stock.

XPeng Company Profile

(Get Rating)

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, vehicle leasing, insurance agency, ride-hailing, technical support, automotive loan referral and auto financing, music subscription, and other services.

Further Reading

Earnings History for XPeng (NYSE:XPEV)

Receive News & Ratings for XPeng Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPeng and related companies with MarketBeat.com's FREE daily email newsletter.