We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NIO Inc. (NIO) Exceeds Market Returns: Some Facts to Consider
Read MoreHide Full Article
NIO Inc. (NIO - Free Report) closed the most recent trading day at $7.27, moving +1.25% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.38%. At the same time, the Dow added 1.47%, and the tech-heavy Nasdaq lost 0.23%.
Prior to today's trading, shares of the company had lost 3.62% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 13.35% and the S&P 500's gain of 10.72% in that time.
The upcoming earnings release of NIO Inc. will be of great interest to investors. The company's earnings report is expected on December 5, 2023. The company is expected to report EPS of -$0.43, down 19.44% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.63 billion, up 43.95% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.79 per share and revenue of $8.46 billion, indicating changes of -38.76% and +16.54%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for NIO Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, NIO Inc. boasts a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 40, putting it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
NIO Inc. (NIO) Exceeds Market Returns: Some Facts to Consider
NIO Inc. (NIO - Free Report) closed the most recent trading day at $7.27, moving +1.25% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.38%. At the same time, the Dow added 1.47%, and the tech-heavy Nasdaq lost 0.23%.
Prior to today's trading, shares of the company had lost 3.62% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 13.35% and the S&P 500's gain of 10.72% in that time.
The upcoming earnings release of NIO Inc. will be of great interest to investors. The company's earnings report is expected on December 5, 2023. The company is expected to report EPS of -$0.43, down 19.44% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.63 billion, up 43.95% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.79 per share and revenue of $8.46 billion, indicating changes of -38.76% and +16.54%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for NIO Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, NIO Inc. boasts a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 40, putting it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.