NIO Inc. (NIO) closed at $8.53 in the latest trading session, marking a +0.12% move from the prior day. The stock’s performance was ahead of the S&P 500’s daily loss of 0.01%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq lost 0.25%.
The the stock of company has fallen by 17.36% in the past month, lagging the Auto-Tires-Trucks sector’s loss of 4.71% and the S&P 500’s loss of 1.6%.
Analysts and investors alike will be keeping a close eye on the performance of NIO Inc. in its upcoming earnings disclosure. The company is expected to report EPS of -$0.43, down 19.44% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2.63 billion, indicating a 43.95% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.79 per share and a revenue of $8.59 billion, representing changes of -38.76% and +18.34%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for NIO Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts’ confidence in the company’s business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we’ve established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.83% higher within the past month. NIO Inc. is holding a Zacks Rank of #4 (Sell) right now.
The Automotive – Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 101, positioning it in the top 41% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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NIO Inc. (NIO) : Free Stock Analysis Report