XPeng Not Likely to Reach Full-Year Profitability by 2026 -- Market Talk

Dow Jones

Nov 20, 2024

0850 GMT - XPeng is not likely to reach full-year profitability by 2026, Bernstein analysts write in a note. The company's strong 3Q earnings beat expectations, thanks to robust sales and record margins, but its 4Q gross margin could be challenged by a weaker product mix from a strong Mona M03 delivery, they say. Bernstein now forecasts XPeng's 4Q gross margin at 14.5% and full-year gross margin at 14.8%. The EV maker's two new models were priced very competitively and have strong order backlogs, but analysts have concerns over margin dilution, especially from Mona. Challenges related to execution and supply chains may also pose risks for fulfilling orders, they add. Bernstein maintains a market-perform rating for the stock, while upgrading its target price for ADRs to $14.00 from $9.00 and its Hong Kong-listed shares to HK$54.00 from HK$35.00, respectively. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

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November 20, 2024 03:50 ET (08:50 GMT)

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The company's strong 3Q earnings beat expectations, thanks to robust sales and record margins, but its 4Q gross margin could be challenged by a weaker product mix from a strong Mona M03 delivery, they say. Bernstein now forecasts XPeng's 4Q gross margin at 14.5% and full-year gross margin at 14.8%. The EV maker's two new models were priced very competitively and have strong order backlogs, but analysts have concerns over margin dilution, especially from Mona. Challenges related to execution and supply chains may also pose risks for fulfilling orders, they add. Bernstein maintains a market-perform rating for the stock, while upgrading its target price for ADRs to $14.00 from $9.00 and its Hong Kong-listed shares to HK$54.00 from HK$35.00, respectively. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 20, 2024 03:50 ET (08:50 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XPeng Not Likely to Reach Full-Year Profitability by 2026 -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng Not Likely to Reach Full-Year Profitability by 2026 -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-20 16:50</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0850 GMT - XPeng is not likely to reach full-year profitability by 2026, Bernstein analysts write in a note. The company's strong 3Q earnings beat expectations, thanks to robust sales and record margins, but its 4Q gross margin could be challenged by a weaker product mix from a strong Mona M03 delivery, they say. Bernstein now forecasts XPeng's 4Q gross margin at 14.5% and full-year gross margin at 14.8%. The EV maker's two new models were priced very competitively and have strong order backlogs, but analysts have concerns over margin dilution, especially from Mona. Challenges related to execution and supply chains may also pose risks for fulfilling orders, they add. Bernstein maintains a market-perform rating for the stock, while upgrading its target price for ADRs to $14.00 from $9.00 and its Hong Kong-listed shares to HK$54.00 from HK$35.00, respectively. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 20, 2024 03:50 ET (08:50 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4551","symbol_name":"寇图资本持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484169965","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484169965","pubTimestamp":1732092600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0850 GMT - XPeng is not likely to reach full-year profitability by 2026, Bernstein analysts write in a note. The company's strong 3Q earnings beat expectations, thanks to robust sales and record margins, but its 4Q gross margin could be challenged by a weaker product mix from a strong Mona M03 delivery, they say. Bernstein now forecasts XPeng's 4Q gross margin at 14.5% and full-year gross margin at 14.8%. The EV maker's two new models were priced very competitively and have strong order backlogs, but analysts have concerns over margin dilution, especially from Mona. Challenges related to execution and supply chains may also pose risks for fulfilling orders, they add. Bernstein maintains a market-perform rating for the stock, while upgrading its target price for ADRs to $14.00 from $9.00 and its Hong Kong-listed shares to HK$54.00 from HK$35.00, respectively. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4551":"寇图资本持仓","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","XPEV":"小鹏汽车","BK4099":"汽车制造商","BK4526":"热门中概股","BK4505":"高瓴资本持仓","BK4555":"新能源车"},"translate_title":"小鹏汽车不太可能在2026年实现全年盈利——市场讨论","themeId":"e7aef4987970a2df666ffdbea601bd04","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EVS.SI":0.6,"XPEV":0.9},"content_text":"0850 GMT - XPeng is not likely to reach full-year profitability by 2026, Bernstein analysts write in a note. The company's strong 3Q earnings beat expectations, thanks to robust sales and record margins, but its 4Q gross margin could be challenged by a weaker product mix from a strong Mona M03 delivery, they say. Bernstein now forecasts XPeng's 4Q gross margin at 14.5% and full-year gross margin at 14.8%. The EV maker's two new models were priced very competitively and have strong order backlogs, but analysts have concerns over margin dilution, especially from Mona. Challenges related to execution and supply chains may also pose risks for fulfilling orders, they add. Bernstein maintains a market-perform rating for the stock, while upgrading its target price for ADRs to $14.00 from $9.00 and its Hong Kong-listed shares to HK$54.00 from HK$35.00, respectively. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 20, 2024 03:50 ET (08:50 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}