XPeng (XPEV) Scheduled to Post Earnings on Tuesday
XPeng (NYSE:XPEV – Get Rating) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, August 23rd. Analysts expect the company to announce earnings of ($2.61) per share for the quarter. XPeng has set its Q2 2022 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.
XPeng (NYSE:XPEV – Get Rating) last issued its quarterly earnings results on Monday, May 23rd. The company reported ($0.32) earnings per share for the quarter. The business had revenue of $1.18 billion for the quarter. XPeng had a negative return on equity of 14.59% and a negative net margin of 22.63%. On average, analysts expect XPeng to post $-4 EPS for the current fiscal year and $-3 EPS for the next fiscal year.
XPeng Price Performance
Shares of XPEV opened at $23.50 on Tuesday. The stock has a market capitalization of $20.11 billion, a P/E ratio of -21.76 and a beta of 3.12. The company has a quick ratio of 2.11, a current ratio of 2.29 and a debt-to-equity ratio of 0.09. XPeng has a twelve month low of $18.01 and a twelve month high of $56.45. The company has a 50 day moving average of $27.53 and a 200-day moving average of $27.92.
Institutional Investors Weigh In On XPeng
Hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors lifted its holdings in XPeng by 50.0% during the 1st quarter. Captrust Financial Advisors now owns 2,400 shares of the company’s stock valued at $66,000 after purchasing an additional 800 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its holdings in shares of XPeng by 12.5% during the first quarter. Carolinas Wealth Consulting LLC now owns 4,500 shares of the company’s stock worth $124,000 after buying an additional 500 shares in the last quarter. US Bancorp DE lifted its holdings in shares of XPeng by 13.9% during the first quarter. US Bancorp DE now owns 6,271 shares of the company’s stock worth $173,000 after buying an additional 767 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of XPeng during the first quarter worth $258,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of XPeng during the first quarter worth $269,000. Institutional investors and hedge funds own 27.01% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on XPEV. Nomura Instinet reissued a “neutral” rating and issued a $36.30 price objective on shares of XPeng in a report on Friday, July 1st. Macquarie downgraded XPeng from an “outperform” rating to a “neutral” rating and set a $25.00 price objective for the company. in a report on Wednesday, August 3rd. Bank of America cut their price objective on XPeng from $46.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, May 24th. Citigroup increased their price objective on XPeng from $36.70 to $51.59 and gave the company a “buy” rating in a report on Tuesday, June 21st. Finally, Barclays cut their price objective on XPeng from $39.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, May 24th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, XPeng currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.57.
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.
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