Li Auto Inc ADR Up 1.69% To $32.99 After Earnings Beat

Monday, August 15, 2022 - Li Auto Inc ADR (LI) reported upside earnings and revenues today.

The consensus among analysts for Li Auto Inc ADR was for an earnings per share (EPS) loss of $0.06 per share. The firm was able to surpass those projections, reporting an EPS loss of $0.02 per share, a positive surprise of $0.04 (67%). Profits fell 100% year-over-year after reporting an EPS loss of $0.01 per share in its year-ago quarter. The negative growth rate signals that the Consumer Cyclical company isn't performing well amid current economic conditions.

Revenues were upbeat at $1.3 billion. That is an increase of 67.09% in revenues from the year-ago report and is 16.43% higher than consensus estimates set at $1.1 billion.

The stock is up 1.69% to $32.99 after the report.

Li Auto Inc ADR's earnings expanded faster than revenues, signaling widening profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Li Auto Inc ADR a Neutral Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 71. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 90,000 EVs in 2021, accounting for about 2.7% of China's passenger new energy vehicle market. Beyond Li One, the company will expand its product line, including both BEVs and PHEVs, to target a broader consumer base.