CBAT Earnings Prediction
The chart below shows how CBAT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CBAT sees a +4.72% change in stock price 10 days leading up to the earnings, and a +3.94% change 10 days following the report. On the earnings day itself, the stock moves by -2.92%. This data can give you a slight idea of what to expect for the next quarter's release.
CBAT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
44.63M
-29.65%
-6.62%
Gross Margin
18.66%
-7.12%
-37.13%
Operating Margin
0.32%
-96.49%
-98.09%
Net Margin
-1.54%
-116.94%
-112.22%
EPS
0.00
-100.00%
-100.00%
No Data Available
CBAT Earnings Analysis
CBAK Energy Technology, Inc. Common Stock Corporation (CBAT.O) Earnings Conference Call
Positive
Battery Business Revenue Growth: The overall revenue of the battery business in the first three quarters achieved a year-on-year growth of 18.4%, reaching $114 million.
Battery Business Profit Margin: The battery business maintained a high gross profit margin, reaching 34.3% in the first three quarters of this year, an increase of 15.2 percentage points compared to the same period in 2023.
Battery Revenue Decline: The revenue from battery for energy storage sector reached $33.46 million, a 25% decrease compared to the previous year, indicating a strong market presence despite challenges.
Battery Revenue Surge: Battery for light electric vehicles, including 2-wheelers and 3-wheelers, brought in $4.9 million, a year-on-year increase of 341%.
Profitable Production Transition: The NanJing factory has successfully transitioned into a profitable production center with a steady flow of orders fully booking its capacity.
Negative
Battery Business Revenue Decline: The net revenue from the battery business slightly declined to $33.5 million in the third quarter.
Battery Revenue Decline: The revenue from the battery for energy storage sector reached $33.46 million, a 25% decrease compared to the previous year.
EV Battery Revenue Decline: EV battery contributed $333,000, a decrease of 17% compared to the same period last year.
Battery Production Slowdown: The overall battery business experienced a slowdown due to a one-month suspension of production at the Dalian facility.
Production Suspension Due to Costs: The energy costs were significantly high, prompting a decision to suspend production to reduce energy costs.
CBAT FAQs
How does CBAT typically perform around its earnings report dates?
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CBAT Earning Call Sentiment
CBAK Energy Technology, Inc. (CBAT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CBAT.O
-1.1%Positive
The earnings call reveals mixed signals. Strong revenue growth and high demand are positive, but issues like production suspensions, high energy costs, and lack of clarity on overseas expansion pose risks. While the development of new battery models and significant orders from clients like Anker are promising, the absence of a shareholder return plan and competitive pressures temper enthusiasm. The Q&A section highlights pricing pressures and demand-side issues, further supporting a neutral sentiment. Without a market cap, the prediction remains neutral, expecting a -2% to 2% stock price movement.
