Li Auto (LI) Scheduled to Post Quarterly Earnings on Thursday

Li Auto (NASDAQ:LI) will be releasing its earnings data before the market opens on Thursday, October 31st. Li Auto has set its Q3 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. The business had revenue of $4.36 billion during the quarter. On average, analysts expect Li Auto to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Li Auto Price Performance

Shares of NASDAQ:LI opened at $27.07 on Thursday. The company has a market cap of $28.72 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 2.54 and a beta of 0.98. The business has a 50 day moving average price of $22.78 and a 200 day moving average price of $22.40. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. Li Auto has a twelve month low of $17.44 and a twelve month high of $46.44.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LI shares. JPMorgan Chase & Co. lowered their price objective on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Macquarie restated a “neutral” rating and set a $33.00 price objective (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th. Bank of America increased their target price on shares of Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Citigroup boosted their price target on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research note on Monday, September 30th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Li Auto presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.66.

Li Auto Company Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.