Published on 28 Mar 2024 on Simply Wall St. via Yahoo Finance

Downgrade: Here's How Analysts See XPeng Inc. (NYSE:XPEV) Performing In The Near Term

Today is shaping up negative for XPeng Inc. (NYSE:XPEV) shareholders, with the analysts delivering a substantial negative revision to this year's forecasts. Revenue and earnings per share (EPS) forecasts were both revised downwards, with analysts seeing grey clouds on the horizon.

After the downgrade, the 36 analysts covering XPeng are now predicting revenues of CN¥50b in 2024. If met, this would reflect a major 63% improvement in sales compared to the last 12 months. Losses are predicted to fall substantially, shrinking 23% to CN¥8.45 per share. Yet before this consensus update, the analysts had been forecasting revenues of CN¥56b and losses of CN¥7.01 per share in 2024. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase.

Check out our latest analysis for XPeng