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As of the time of this report, the stock is holding steady at around $46.68/sh. However, there are positive projections for Li Auto’s financial performance. Analysts anticipate a significant improvement in earnings per share, with an expected swing from a net loss of $0.03/sh last year to a gain of $0.25/sh.
The forecast indicates a substantial 188% increase in revenue compared to the previous year, reaching $3.723 billion, according to FactSet. If these predictions hold true, it will mark the EV startup’s first-ever $3B quarter, following its previous milestones of surpassing $1B in Q3 2021 and $2B in Q4 2022.
The EV startup has far outperformed peers Nio (NYSE:NIO) and Xpeng Inc (NYSE:XPEV) in 2023 on robust deliveries. Analysts at Deutsche Bank expect Li Auto’s management to guide Q3 deliveries of around 100,000 EVs, driven by strong demand for the new L7 and L8 hybrid SUVs. Li Auto has already reported July deliveries of 34,134 SUVs.
Li Auto is scheduled to report their 2Q earnings results on Tuesday, August 8th.
Shares of LI are up 1.73% in afternoon trading Monday.
