XPeng (XPEV) to Release Earnings on Tuesday

XPeng (NYSE:XPEV) is expected to be announcing its earnings results before the market opens on Tuesday, March 18th. Analysts expect the company to announce earnings of ($1.36) per share and revenue of $16.11 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

XPeng Stock Down 6.4 %

Shares of XPEV opened at $23.72 on Monday. The firm has a market capitalization of $22.34 billion, a P/E ratio of -27.26 and a beta of 2.68. XPeng has a 12-month low of $6.55 and a 12-month high of $27.16. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average price of $17.22 and a 200-day moving average price of $13.57.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on XPEV shares. Macquarie reissued a “neutral” rating and set a $18.00 target price on shares of XPeng in a research note on Friday, February 7th. The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price for the company. in a research note on Thursday, November 21st. Sanford C. Bernstein boosted their target price on shares of XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. Citigroup raised shares of XPeng from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.70 to $29.00 in a research note on Monday, March 10th. Finally, UBS Group raised shares of XPeng from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $8.80 to $18.00 in a research note on Monday, February 24th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.63.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.