XPeng (XPEV) Scheduled to Post Quarterly Earnings on Monday

XPeng (NYSE:XPEV – Get Rating) is scheduled to be announcing its earnings results before the market opens on Monday, May 23rd. XPeng has set its Q1 2022 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

XPeng (NYSE:XPEV – Get Rating) last released its earnings results on Monday, March 28th. The company reported ($0.24) earnings per share for the quarter. The company had revenue of $1.34 billion for the quarter. XPeng had a negative net margin of 23.12% and a negative return on equity of 12.83%. During the same period last year, the firm posted ($0.16) EPS. On average, analysts expect XPeng to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NYSE:XPEV opened at $22.82 on Monday. The stock has a fifty day moving average price of $25.76 and a 200-day moving average price of $37.10. The company has a market cap of $18.33 billion, a price-to-earnings ratio of -25.08 and a beta of 5.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.56 and a current ratio of 2.71. XPeng has a fifty-two week low of $18.01 and a fifty-two week high of $56.45.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XPEV. Dimensional Fund Advisors LP raised its holdings in shares of XPeng by 59.8% during the first quarter. Dimensional Fund Advisors LP now owns 33,109 shares of the company’s stock valued at $913,000 after acquiring an additional 12,386 shares in the last quarter. Vident Investment Advisory LLC grew its stake in shares of XPeng by 40.1% in the fourth quarter. Vident Investment Advisory LLC now owns 16,696 shares of the company’s stock worth $840,000 after acquiring an additional 4,775 shares during the last quarter. American Century Companies Inc. grew its stake in shares of XPeng by 8.3% in the first quarter. American Century Companies Inc. now owns 29,681 shares of the company’s stock worth $819,000 after acquiring an additional 2,266 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of XPeng by 24.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,145 shares of the company’s stock worth $712,000 after acquiring an additional 2,782 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of XPeng in the fourth quarter worth $593,000. Institutional investors and hedge funds own 27.01% of the company’s stock.

A number of equities analysts have issued reports on the company. CLSA began coverage on XPeng in a report on Wednesday, March 23rd. They issued a “buy” rating and a $42.00 target price for the company. Citigroup reduced their price target on XPeng from $92.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday, March 29th. Zacks Investment Research upgraded XPeng from a “sell” rating to a “hold” rating in a research report on Tuesday, March 29th. Morgan Stanley cut their target price on XPeng from $71.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 23rd. Finally, Barclays cut their price target on XPeng from $45.00 to $39.00 and set an “overweight” rating on the stock in a report on Tuesday, March 29th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $49.91.

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 name; and four-door sports sedan under the P7 name. The company also provides sales contract, maintenance, super charging, vehicle leasing, and ride-hailing services.

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