Li Auto (NASDAQ:LI) Announces Quarterly Earnings Results, Misses Expectations By $0.21 EPS

Key Points

• Li Auto missed quarterly earnings expectations: The company reported a loss of $0.22 per share versus the consensus loss of $0.01, while revenue of $3.78 billion also fell short of the $3.86 billion estimate.
• Shares opened at $12.27, near the company’s one-year low of $11.65 and well below its one-year high of $27.10. Li Auto reported a negative net margin of 1.72% and negative return on equity of 2.58%.
• Analyst sentiment remains cautious: The stock has an average “Hold” rating and a consensus price target of $17.24, with several firms recently cutting their targets. Hedge funds and other institutional investors own 9.88% of the company.

Li Auto (NASDAQ:LI - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.21), FiscalAI reports. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.86 billion. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%.

Li Auto Price Performance

Shares of LI stock opened at $12.27 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.88 and a quick ratio of 1.75. The company has a market capitalization of $13.15 billion, a P/E ratio of -43.82 and a beta of 0.55. The company's 50-day simple moving average is $12.55 and its two-hundred day simple moving average is $15.70. Li Auto has a one year low of $11.65 and a one year high of $27.10.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LI. DV Equities LLC purchased a new position in Li Auto during the 4th quarter valued at about $72,000. Limestone Investment Advisors LP bought a new stake in Li Auto during the 3rd quarter valued at $222,000. Chesapeake Capital Corp IL purchased a new stake in shares of Li Auto during the 3rd quarter worth $227,000. Mercer Global Advisors Inc. ADV bought a new stake in Li Auto during the third quarter valued at about $227,000. Finally, Empowered Funds LLC purchased a new position in Li Auto in the fourth quarter valued at about $197,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. HSBC lowered their target price on shares of Li Auto from $17.20 to $15.60 and set a "hold" rating for the company in a report on Wednesday, June 10th. Weiss Ratings lowered shares of Li Auto from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, May 29th. Barclays decreased their price objective on shares of Li Auto from $18.00 to $14.00 and set an "equal weight" rating for the company in a research note on Friday, May 29th. Bank of America reiterated a "neutral" rating and issued a $18.00 price target on shares of Li Auto in a report on Thursday, May 28th. Finally, Zacks Research raised Li Auto from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Li Auto has an average rating of "Hold" and a consensus target price of $17.24.

About Li Auto

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company's product lineup centers on multi‑occupant SUVs that combine electric propulsion, advanced in‑vehicle connectivity and driver‑assistance features.

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