Ideal Auto's October delivery volume increased by 107% annually. Will it bring strong earnings?

Ideal Motors (NASDAQ:LI) will announce its third-quarter earnings results before the market opens on November 29 (Monday). So far this year, Ideal Motor's stock price has risen 12.38%.

The market expects Ideal Auto's operating income in the third quarter of 2021 to be US$1.131 billion, a year-on-year increase of 2016.1%; the expected operating loss is US$9.4 million.

Ideal Auto’s October delivery volume increased by 107% year-on-year, and peer Xiaopeng Motors (NYSE: XPEV) jumped 4% after releasing its third-quarter earnings report because of its strong delivery volume, which increased by 199% year-on-year, easily exceeding expectations. The Chinese electric vehicle manufacturer also provided guidance that was higher than market expectations for the fourth quarter. So will the ideal car also bring satisfactory and strong earnings to investors?

Article excerpted from the US Stock Research Agency