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Li Auto (LI)
NASDAQ:LI
Holding LI?
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.42Last Year’s EPS
$4.22Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -16.69%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance by Li Auto in Q3, with record vehicle deliveries and financial results. Significant advancements in autonomous driving and network expansion contribute positively, though there are challenges with cost management and pricing strategies. The conservative guidance for Q4 indicates caution amidst competitive pressures.Company Guidance
During the Li Auto Q3 2024 earnings call, the company provided guidance for Q4 vehicle deliveries, expecting between 160,000 to 170,000 units, reflecting a year-over-year increase of 21.4% to 29%. For the full year, deliveries are projected to be between 502,000 and 512,000 units. Total revenues for the fourth quarter are anticipated to range from RMB 43.2 billion to RMB 45.9 billion, indicating a year-over-year increase of 3.5% to 10%. The guidance reflects the company's strategic focus on expanding its market share, particularly in the NEV segment priced above RMB 200,000. Additionally, Li Auto plans to expand its supercharging network to over 2,000 stations by the launch of its BEV models, scaling to 4,000 by the end of 2025, to support its long-term growth strategy.Record Vehicle Deliveries
Li Auto delivered over 152,000 vehicles in Q3, up 45.4% year-over-year, driving segment market share to 17.3% from 14.4% in Q2.
Strong Financial Performance
Total revenues reached a record high of RMB 42.9 billion, up 23.6% year-over-year. Gross margin expanded to 21.5%, and non-GAAP income from operations hit an all-time high of RMB 4.4 billion.
Milestone Achievement
Reached 1 million cumulative vehicle deliveries in just 58 months, the first among emerging NEV brands in China.
Autonomous Driving Advancements
Rapid advancements in autonomous driving, with significant improvements in user experience and competitive technology.
Expanding Sales and Charging Network
479 retail stores and 436 service centers in China, with plans to expand charging stations to over 2,000 by next year.
Positive ESG Performance
Received MSCI's highest AAA ESG rating for the second consecutive year.
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LI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $28.94 | $25.01 | -13.58% |
| Aug 28, 2024 | $21.22 | $17.80 | -16.12% |
| May 20, 2024 | $24.89 | $21.71 | -12.78% |
| Feb 26, 2024 | $34.80 | $41.34 | +18.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Li Auto (LI) report earnings?
Li Auto (LI) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Li Auto (LI) earnings time?
Li Auto (LI) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LI EPS forecast?
LI EPS forecast for the fiscal quarter 2024 (Q4) is $0.42.
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