Pre-earnings brief
Reports
Tue, Nov 10, 2026
Est. EPS
$0.43
Est. revenue
$869M
Implied move
±13.6%
EPS beat rate
0%
Hesai Group (HSAI) operates in the automotive parts and equipment sector, focusing on advanced sensor technologies for autonomous vehicles. As the demand for electric and self-driving cars grows, Hesai's innovations are becoming increasingly relevant in the consumer discretionary market.
Last quarter
In Q1 2026, Hesai reported an EPS of $0.04, which fell short of expectations, leading to a 9.02% drop in stock price the following day. The company continues to navigate a challenging market environment.
EPS beat streak
0Q
EPS beat rate
0%
Avg EPS surprise
+0.00%
Avg 1-day reaction
-4.76%
Analysts expect Hesai to report an EPS of $0.43 and revenue of $869 million for Q2 2026. The market is closely watching for signs of recovery after a disappointing previous quarter.
Bull case
If Hesai exceeds expectations, it could signal a strong rebound in demand for its products, boosting investor confidence and potentially leading to higher stock prices.
Bear case
Conversely, if the company misses estimates again, it may raise concerns about its growth trajectory and ability to compete in a rapidly evolving market.
Key metrics to watch
EPS
$0.43Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.
Revenue
$869MTotal revenue reflects the company's sales performance and market demand, crucial for assessing growth potential.
The print will turn on these.
Q1
Will the EPS exceed the consensus estimate of $0.43?
A beat on EPS would indicate stronger profitability and could boost investor sentiment.
Q2
What are the revenue projections compared to the consensus of $869 million?
Revenue performance is critical for assessing the company's growth and market demand.
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Est. EPS
—
Est. Rev
—
Impl. Move
±11.1%
Why consensus could be wrong
The Street may underestimate the potential for a strong recovery in demand for Hesai's products, particularly in the autonomous vehicle market.
Supporting evidence
Options are pricing a 13.61% move, indicating expectations for volatility that may not align with the company's actual performance.
Hesai's recent innovations in sensor technology could lead to unexpected demand increases, contrary to cautious market sentiment.
Key risk
If the EPS comes in below $0.30, it could significantly undermine confidence in the company's growth prospects.
Pre-commit to what would confirm each case.
The market is focused on whether Hesai can demonstrate a turnaround in profitability and revenue growth after recent underperformance.
Bull confirmed if
An EPS of $0.50 or higher would confirm strong demand and operational efficiency.
Bear confirmed if
An EPS below $0.30 would signal ongoing challenges and potential market share loss.
What the market is pricing for the move.
Implied Move
±13.61%
Historical Avg
±5.8%
The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.
Options are pricing ±13.6% while HSAI has averaged ±5.8% over the last 8 prints — setup is pricing rich.
ATM IV
0.7%
30d HV
56.4%
Cross-company pattern from 30 similar setups.
Prior-quarter beat + options rich in Consumer Discretionary
Fade rate: 11 of 29 (38%)
This setup has occurred 30 times across Consumer Discretionary in the last 2 years. 18 of 29 (62%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 6.3%, with a raw directional average of +2.5% (modestly positive historical bias).
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Hesai beats expectations, history suggests a potential stock increase of around 5.75%, confirming a positive outlook.
In line / cautious
A report in line with expectations may lead to a muted reaction, as investors await further guidance.
Miss
If the company misses estimates, the stock could drop significantly, reflecting ongoing concerns about its growth potential.
The lines on the call that would change the story.