We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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) Stock Sinks As Market Gains: Here's Why
Read MoreHide Full Article
The most recent trading session ended with NIO Inc. (NIO - Free Report) standing at $5.57, reflecting a -0.36% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 1.26%. On the other hand, the Dow registered a gain of 1.18%, and the technology-centric Nasdaq increased by 1.99%.
The the stock of company has risen by 24.22% in the past month, leading the Auto-Tires-Trucks sector's loss of 1.25% and the S&P 500's loss of 2.68%.
Investors will be eagerly watching for the performance of NIO Inc. in its upcoming earnings disclosure. In that report, analysts expect NIO Inc. to post earnings of -$0.31 per share. This would mark year-over-year growth of 26.19%. Alongside, our most recent consensus estimate is anticipating revenue of $1.48 billion, indicating a 4.65% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.26 per share and a revenue of $9.21 billion, indicating changes of +28% and +18.29%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for NIO Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, NIO Inc. boasts a Zacks Rank of #4 (Sell).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 217, this industry ranks in the bottom 14% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
NIO Inc. (NIO) Stock Sinks As Market Gains: Here's Why
The most recent trading session ended with NIO Inc. (NIO - Free Report) standing at $5.57, reflecting a -0.36% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 1.26%. On the other hand, the Dow registered a gain of 1.18%, and the technology-centric Nasdaq increased by 1.99%.
The the stock of company has risen by 24.22% in the past month, leading the Auto-Tires-Trucks sector's loss of 1.25% and the S&P 500's loss of 2.68%.
Investors will be eagerly watching for the performance of NIO Inc. in its upcoming earnings disclosure. In that report, analysts expect NIO Inc. to post earnings of -$0.31 per share. This would mark year-over-year growth of 26.19%. Alongside, our most recent consensus estimate is anticipating revenue of $1.48 billion, indicating a 4.65% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.26 per share and a revenue of $9.21 billion, indicating changes of +28% and +18.29%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for NIO Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, NIO Inc. boasts a Zacks Rank of #4 (Sell).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 217, this industry ranks in the bottom 14% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.