BYD (OTCMKTS:BYDDF) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• BYD reported quarterly EPS of $0.16, missing the $0.19 consensus estimate by $0.03. Shares fell to $8.62, near the company’s 12-month low.
• Third-quarter net profit reportedly rose 28% to RMB 221.49 billion in revenue, driven by strong overseas sales that helped offset weaker Chinese demand.
• Investors remain concerned about a reported 60% inventory increase, potential margin pressure, slowing domestic demand and European trade restrictions, despite BYD’s international expansion and new charging partnerships.

BYD (OTCMKTS:BYDDF - Get Free Report) released its earnings results on Thursday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03), Zacks reports.

BYD Price Performance

Shares of BYDDF traded down $0.35 on Thursday, reaching $8.62. 130,511 shares of the stock traded hands, compared to its average volume of 222,621. The firm has a market cap of $75.33 billion, a price-to-earnings ratio of 19.17 and a beta of 0.07. BYD has a 12 month low of $8.54 and a 12 month high of $14.95. The stock's 50-day moving average price is $10.15 and its 200-day moving average price is $11.63.

BYD News Roundup

Here are the key news stories impacting BYD this week:

• Positive Sentiment: BYD’s third-quarter net profit increased 28%, supported by robust overseas sales as the company expands internationally to offset weaker demand in China. Operating revenue reached RMB 221.49 billion, reportedly up 13% year over year. BYD Profit Jumps on Robust Exports but Misses Estimates
• Positive Sentiment: BYD and Gentari plan to introduce high-speed “Flash Charging” stations in Malaysia, initially at Denza showrooms and later at Petronas locations and highway rest areas. The rollout could support vehicle adoption and strengthen BYD’s regional ecosystem. BYD, Gentari to roll out Flash Charging in Malaysia
• Positive Sentiment: Short sellers reportedly reduced bearish positions ahead of the expected profit rebound, suggesting some investors anticipated improving earnings momentum. BYD Short Sellers Retreat Ahead of Expected Profit Rebound
• Neutral Sentiment: BYD continues to pursue premium growth through new Yangwang and Denza models, including a luxury sedan aimed at the Rolls-Royce market. These launches may improve brand positioning but are unlikely to materially affect near-term results. BYD takes aim at Rolls-Royce
• Negative Sentiment: Quarterly EPS was RMB-equivalent $0.16, below the consensus estimate of $0.19. The earnings miss is likely the most immediate reason for the weaker stock performance. BYD quarterly earnings results
• Negative Sentiment: Inventory reportedly surged 60%, raising concerns about excess vehicles, discounting and potential pressure on future margins, even as exports remained strong. BYD Q3 profit jumps on exports, but inventory balloons
• Negative Sentiment: European trade restrictions are clouding BYD’s outlook, while slowing Chinese demand and broadly flat year-to-date revenue raise questions about whether overseas growth can offset weakness in its home market. BYD and Geely miss Q3 estimates

Analyst Upgrades and Downgrades

Separately, UBS Group set a $20.00 price objective on shares of BYD in a research report on Friday, September 11th.

BYD Company Profile

BYD Co, Ltd. is a China-based technology and manufacturing company founded in 1995 and headquartered in Shenzhen. The company is best known for developing and producing electric and plug-in hybrid vehicles, including passenger cars, buses, trucks and other commercial vehicles under the BYD brand.

BYD also manufactures batteries and related energy-storage products, including batteries used in vehicles, renewable-energy systems and other applications. Its broader business activities include solar-power equipment, energy-storage solutions, rail transit systems and electronic components and assembly services for consumer and industrial products.

The company serves customers in China and international markets across Asia, Europe, North America, South America and other regions.

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