Hesai: Results Are Mixed, With A Negative Top-Line Surprise And Bottom-Line Beat

Aug. 20, 2024 9:30 AM ETHesai Group (HSAI) StockHSAI3 Comments
The Value Pendulum
Investing Group Leader
(9min)

Summary

  • Hesai Group reported narrower operating losses and a better-than-expected bottom-line performance in Q2 2024; the consensus forecasts point to Hesai turning profitable in the third quarter.
  • On the flip side, Hesai's second quarter revenue missed expectations, and a delay in some of its customers' new vehicle launches is likely to hurt its Q3 top line.
  • My Hold rating for Hesai Group is left unchanged, considering its mixed results and prospects.
  • Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More »

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My Hold rating for Hesai Group's (NASDAQ:HSAI) shares stays unchanged. There is a mix of positives and negatives for HSAI, considering read-throughs from its results and guidance. On one hand, the company might have a good chance of becoming profitable

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This article was written by

The Value Pendulum
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The Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides.

He is the author of the investing group Asia Value & Moat Stocks, providing ideas for value investors seeking investment opportunities listed in Asia, with a particular focus on the Hong Kong market. He hunts for deep value balance sheet bargains and wide moat stocks and provides a range of watch lists with monthly updates within his investing group.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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