Chinese EV maker XPeng (XPEV) is set to report its third-quarter earnings before the U.S. market opens on Monday, November 17. Based on current options pricing, the market is expecting a 9.7% move in the stock following the results. That is much larger than the company’s three-year average post-earnings move of 0.51%.
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Ahead of the report, XPEV shares fell 5.3% during Friday’s regular trading session.
High Expectations from XPeng’s Q3 Report
It is worth noting that the company delivered 116,007 vehicles in Q3, marking its fourth consecutive quarter of record deliveries. Currently, analysts are forecasting Q3 revenue of $2.86 billion, nearly double last year’s $1.41 billion.
Also, Wall Street expects the company to report a loss of $0.05 per share, a sharp improvement from the $0.27 loss in the same quarter last year.
XPeng has a track record of beating expectations, having outperformed EPS estimates for seven straight quarters, as indicated in the chart below.
What to Watch in XPEV’s Q3 Earnings
In XPeng’s upcoming earnings, investors will focus on progress toward profitability, gross margins, the impact of the Volkswagen (VWAGY) partnership, and updates on its AI and robotics initiatives.
While record vehicle deliveries highlight strong demand, the focus will be on XPeng’s plans to improve its bottom line and manage costs effectively.
Also, guidance for Q4 and 2026 will be closely watched, especially any hints about future production targets, international expansion, or new model rollouts, which could impact the stock.
Is XPEV a Good Stock to Buy?
Turning to Wall Street, XPEV stock has a Moderate Buy consensus rating based on eight Buys, two Holds, and one Sell assigned in the last three months. At $26, the average XPeng stock price target implies a 4.08% upside potential.
