Xpeng tops estimates in Q4
29 March 2022Xpeng Inc. reported its Q4 2021 financial results before the market open in the US on Monday. The Chinese electric vehicle company topped Wall Street expectations, beating both revenue and earnings per share estimates.
World’s 21st largest automaker reported total revenue of $1.764 billion in the quarter (200.1% increase year-over-year) vs. $1.226 billion expected.
Earnings per share reported at $0.03 per share, analysts were expecting a loss per share of -$0.33.
The company delivered 41,751 cars in Q4, representing a 222% increase year-over-year.
Full year deliveries reached 98,155 vehicles – a 263% increase from 2020.
”2021 was marked by impressive growth with record-breaking fourth quarter deliveries led by our blockbuster P7 model and our newly launched P5 family sedan. For both the full year and fourth quarter, our total deliveries more than tripled year-over-year, fueled by the fast-growing EV penetration in China and our competitive Smart EV products. In addition, fast expansion of our sales and services, and supercharging stations networks and the accelerated rollout of new products are paving the way for even deeper penetration into China’s mid- to high-end market segment where robust demand for our products continues to outpace supply,” said He Xiaopeng, Chairman and CEO of Xpeng after the latest results were announced.
Xpeng Inc. chart
Shares of Xpeng were little changed at the end of trading day on Monday, up by 0.30% at $27.11 per share.
Here is how the stock has performed in the past year –
- 1 Month: -25.41%
- 3 Month: -41.11%
- Year-to-date: -46.10%
- 1 Year: -13.63%
Xpeng is the 809th largest automaker in the world with a market cap of $23.23 billion.
You can trade Xpeng Inc. (XPEV) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.
Sources: XPeng Inc., TradingView, CompaniesMarketCap
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