The most recent trading session of NIO Inc. (NIO) concluded at $7.39, with a -0.14% variation from the prior trading day’s closure. The stock trailed behind the S&P 500, which recorded a daily increase of 0.13%. Meanwhile, the Dow ascended by 0.01%, and the tech-heavy Nasdaq saw an uptick of 0.08%.Thank you for reading this post, don't forget to subscribe!
Prior to today’s trading, the company’s shares experienced a 3.77% decline over the past month. This lagged behind the loss of 3.64% in the Auto-Tire-Truck sector and the gain of 3.28% in the S&P 500 during that period.
NIO Inc. is set to release its financial results to market participants, with close monitoring anticipated. Analysts are expecting NIO Inc. to announce earnings of -$0.43 per share in the report, reflecting a 19.44% year-on-year decrease. Our latest consensus estimate is projecting quarterly revenue of $2.63 billion, a 43.95% increase from the corresponding period last year.
For the entire year, the Zacks Consensus Estimates foresee earnings of -$1.79 per share and revenue of $8.46 billion, representing changes of -38.76% and +16.54%, respectively, from the previous year.
Investors should also keep an eye on any recent alterations to analyst estimates for NIO Inc. These recent revisions indicate the evolving nature of short-term business trends. Positive changes in estimates signal analysts’ favorable perception of the company’s business well-being and profitability.
Our research demonstrates the direct correlation between these estimate changes and future stock price performance. To capitalize on this relationship, we have developed the Zacks Rank, a specialized model that takes into account these estimate changes and offers an operational rating system.
The Zacks Rank system, extending from #1 (Strong Buy) to #5 (Strong Sell), possesses an impressive externally-audited track record of outperformance, with #1 stocks delivering an average annual return of +25% since 1988. Over the past 30 days, our consensus EPS projection remained unchanged. NIO Inc. currently holds a Zacks Rank of #2 (Buy).
The narrative continues
Automotive – Foreign Industry belongs to the Auto-Tire-Truck sector. This industry currently holds a Zacks Industry Rank of 40, positioning it in the top 16% among over 250 industries.
The Zacks Industry Rank assesses the strength of our industry groups by assessing the average Zacks Rank of individual stocks within the groups. Our research indicates that the top 50% rated industries outperform the bottom half by a 2 to 1 ratio.
More detailed information on all these metrics and more can be found on Zacks.com.
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NIO Inc. (NIO): Free Stock Analysis Report
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