NIO Inc. (NIO) closed at $7.59 in the latest trading session, marking a +0.13% move from the prior day. The stock’s performance was ahead of the S&P 500’s daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.58%, and the technology-dominated Nasdaq saw an increase of 0.27%.
Heading into today, shares of the company had lost 11.14% over the past month, outpacing the Auto-Tires-Trucks sector’s loss of 12.04% and lagging the S&P 500’s loss of 3.95% in that time.
The upcoming earnings release of NIO Inc. will be of great interest to investors. In that report, analysts expect NIO Inc. to post earnings of -$0.43 per share. This would mark a year-over-year decline of 19.44%. Meanwhile, our latest consensus estimate is calling for revenue of $2.63 billion, up 43.95% from the prior-year quarter.
NIO’s full-year Zacks Consensus Estimates are calling for earnings of -$1.79 per share and revenue of $8.59 billion. These results would represent year-over-year changes of -38.76% and +18.34%, respectively.
It is also important to note the recent changes to analyst estimates for NIO Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.83% upward. 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 46, positioning it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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NIO Inc. (NIO) : Free Stock Analysis Report