{"id":42516,"date":"2023-11-09T13:54:49","date_gmt":"2023-11-09T13:54:49","guid":{"rendered":"https:\/?p=42516"},"modified":"2023-11-09T21:11:30","modified_gmt":"2023-11-09T21:11:30","slug":"li-auto-stock-jumps-on-strong-q3-earnings-report","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/li-auto-stock-jumps-on-strong-q3-earnings-report\/","title":{"rendered":"Li Auto Beats on Strong Q3 Earnings Report"},"content":{"rendered":"<p>Li Auto (<a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NSD\/LI\">LI: NSD<\/a>), a Chinese electric vehicle manufacturer, experienced a surge in its stock price by more than 8% in pre-market trading on November 9, 2023. This was after the company released its Q3 earnings report, which showed an earnings per share (EPS) of $0.45, surpassing the consensus estimate of $0.37 per share made by analysts. Additionally, the company&#8217;s revenue for the quarter is $5.4 billion, reflecting a 249.6% YoY increase.<\/p>\n<p>&nbsp;<\/p>\n<p><!-- STA Widget BEGIN --><\/p>\n<div>\n<div class=\"sta-analyst-rating-widget-display\">\n<p><a style=\"text-decoration: none; color: #4b6db5 !important;\" href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NSD\/LI\" target=\"_blank\" rel=\"noopener\">LI Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n<p><script class=\"analyst-rating\" type=\"text\/javascript\" src=\"https:\/\/www.stocktargetadvisor.com\/assets\/js\/analyst_rating_widget.js\" data-symbol=\"LI\" data-theme=\"wt_bg_trans\" data-uid=\"881080885654cd9f4819eb654cd9f4819ec\" data-width=\"700\" >\n\t\t<\/script><\/p>\n<\/div>\n<p><!-- STA Widget END --><\/p>\n<h2>Key Findings from Li Auto&#8217;s Q3 Results:<\/h2>\n<p><span style=\"font-weight: 400;\">Li Auto&#8217;s Q3 results beat analyst expectations on both the top and bottom lines. The company&#8217;s EPS of $0.45 was well above the consensus estimate of $0.37 per share. Li Auto&#8217;s revenue of RMB38.6 billion was also above the consensus estimate of RMB37.8 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Li Auto&#8217;s vehicle deliveries grew rapidly in the third quarter, increasing 296.28% year-over-year to 105,108 vehicles. The company&#8217;s flagship Li ONE model remains the company&#8217;s top seller, accounting for over 99% of all deliveries in the third quarter.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2>Li Auto Provides Positive Guidance for Q4:<\/h2>\n<p><span style=\"font-weight: 400;\">Li Auto&#8217;s strong Q3 results and positive guidance for the fourth quarter are positive indicators for the company&#8217;s stock. The company is well-positioned to continue its growth trajectory in the Chinese EV market, which is expected to grow rapidly in the coming years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Li Auto provided positive guidance for the fourth quarter, expecting to deliver between 40,000 and 45,000 vehicles, representing year-over-year growth of 25% to 35%. The company&#8217;s guidance is above the consensus estimate of 39,000 vehicles. The company is also expected to launch new EV models shortly, which could further boost its growth.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2>Conclusion:<\/h2>\n<p><span style=\"font-weight: 400;\">Li Auto&#8217;s Q3 earnings results were strong, beating analyst expectations on both the top and bottom lines. The company&#8217;s vehicle deliveries continued to grow rapidly, and the company provided positive guidance for the fourth quarter. Analysts were generally positive on Li Auto&#8217;s results, maintaining their bullish ratings on the stock.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Li Auto (LI: NSD), a Chinese electric vehicle manufacturer, experienced a surge in its stock price by more than 8% in pre-market trading on November&#8230;<\/p>\n","protected":false},"author":17,"featured_media":42520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-42516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Li Auto Beats on Strong Q3 Earnings Report | Stock Target Advisor<\/title>\n<meta name=\"description\" content=\"Li Auto stock soared after the company reported Q3 earnings that beat analyst expectations on both the top and bottom lines.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stocktargetadvisor.com\/blog\/li-auto-stock-jumps-on-strong-q3-earnings-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Li Auto Beats on Strong Q3 Earnings Report\" \/>\n<meta property=\"og:description\" content=\"Li Auto stock soared after the company reported Q3 earnings that beat analyst expectations on both the top and bottom lines.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.stocktargetadvisor.com\/blog\/li-auto-stock-jumps-on-strong-q3-earnings-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Stock Target Advisor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/StockTargetAdvisor\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-09T13:54:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-09T21:11:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2023\/11\/Li-Auto-Stock-Jumps-on-Strong-Q3-Earnings-Report.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muzzammil Ahmad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/Muzzammil625\" \/>\n<meta name=\"twitter:site\" content=\"@AdvisorTarget\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muzzammil Ahmad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/li-auto-stock-jumps-on-strong-q3-earnings-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/li-auto-stock-jumps-on-strong-q3-earnings-report\/\"},\"author\":{\"name\":\"Muzzammil Ahmad\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/81d743c6903933055039390e1e98b5f8\"},\"headline\":\"Li Auto Beats on Strong Q3 Earnings Report\",\"datePublished\":\"2023-11-09T13:54:49+00:00\",\"dateModified\":\"2023-11-09T21:11:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/li-auto-stock-jumps-on-strong-q3-earnings-report\/\"},\"wordCount\":315,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#organization\"},\"articleSection\":[\"Market News &amp; 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