A Look Ahead: Li Auto's Earnings Forecast

Li Auto (NASDAQ:LI) is set to give its latest quarterly earnings report on Thursday, 2024-10-31. Here's what investors need to know before the announcement.

Analysts estimate that Li Auto will report an earnings per share (EPS) of $0.33.

Anticipation surrounds Li Auto's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Overview of Past Earnings

Last quarter the company beat EPS by $0.01, which was followed by a 10.62% increase in the share price the next day.

Here's a look at Li Auto's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.19

0.35

0.29

0.30

EPS Actual

0.20

0.17

0.30

0.23

Price Change %

11.0%

-3.0%

12.0%

-2.0%

Analysts' Perspectives on Li Auto

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Li Auto.

Li Auto has received a total of 5 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of $27.62, the consensus suggests a potential 2.81% downside.

Understanding Analyst Ratings Among Peers

In this analysis, we delve into the analyst ratings and average 1-year price targets of and Rivian Automotive, ...