Chinese electric vehicle (EV) company XPeng (XPEV) reported its Q4 2024 earnings on Tuesday morning. The company reported adjusted earnings per share of -20 cents in Q4, which missed Wall Street’s –14 cents estimate. Even so, it was a massive improvement over the -$1.51 reported in Q4 2023.
Another blow to XPEV stock came from its Q4 revenue of $2.21 billion. Yet again, that missed analysts’ revenue estimate of $2.25 billion for the quarter. This was despite a 23.4% increase year-over-year from $1.81 billion. $2.01 billion of XPeng’s revenue came from its vehicle sales, which increased 52.1% to 91,507 units in Q4.
XPEV stock fell 1.59% in pre-market trading this morning, as investors were not pleased with its Q4 earnings and revenue misses. That’s despite a 3.5% jump yesterday leading up to the report. XPEV stock was also up 107.78% year-to-date and had rallied 148.33% over the last 52 weeks.
XPeng’s Q1 2025 Outlook
XPeng provided Q1 2025 guidance to investors in its latest earnings report. The company expects vehicle deliveries to range from 91,000 to 93,000, representing a year-over-year increase of 317.0% to 326.2%.
XPeng also expects revenue for Q1 2025 to come in between RMB15 billion and RMB15.7 billion. This would have the EV company’s revenue increasing 129.1% to 139.8% year-over-year.
Is XPEV Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for XPeng is Moderate Buy based on four Buy, four Hold, and one Sell ratings over the last three months. With that comes an average price target of $18.91, a high of $32, and a low of $7. This represents a potential 23% upside for XPEV stock. These ratings and price targets will likely change as analysts update their coverage after today’s earnings.
See more XPEV stock analyst ratings
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