Yahoo Finance XPeng First Quarter 2024 Earnings: Beats Expectations
XPeng (NYSE:XPEV) First Quarter 2024 Results
Key Financial Results
Revenue: CN¥6.55b (up 62% from 1Q 2023).
Net loss: CN¥1.37b (loss narrowed by 42% from 1Q 2023).
CN¥1.45 loss per share (improved from CN¥2.71 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
XPeng Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 40%.
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in the US.
Performance of the American Auto industry.
The company's shares are up 9.8% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for XPeng that you need to take into consideration.
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