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NIO Inc. (NIO) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest close session, NIO Inc. (NIO - Free Report) was down 3.31% at $3.21. The stock fell short of the S&P 500, which registered a loss of 1.82% for the day. Elsewhere, the Dow saw a downswing of 1.09%, while the tech-heavy Nasdaq depreciated by 2.86%.
The stock of company has fallen by 2.35% in the past month, lagging the Auto-Tires-Trucks sector's gain of 8.77% and the S&P 500's gain of 0.71%.
The investment community will be closely monitoring the performance of NIO Inc. in its forthcoming earnings report. On that day, NIO Inc. is projected to report earnings of -$0.03 per share, which would represent year-over-year growth of 85.71%. Alongside, our most recent consensus estimate is anticipating revenue of $4.97 billion, indicating a 62.42% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.13 per share and revenue of $19.06 billion, indicating changes of +86.73% and +54.6%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for NIO Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, there's been a 1.3% fall in the Zacks Consensus EPS estimate. Right now, NIO Inc. possesses a Zacks Rank of #3 (Hold).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 32% of all 250+ industries.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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NIO Inc. (NIO) Suffers a Larger Drop Than the General Market: Key Insights
In the latest close session, NIO Inc. (NIO - Free Report) was down 3.31% at $3.21. The stock fell short of the S&P 500, which registered a loss of 1.82% for the day. Elsewhere, the Dow saw a downswing of 1.09%, while the tech-heavy Nasdaq depreciated by 2.86%.
The stock of company has fallen by 2.35% in the past month, lagging the Auto-Tires-Trucks sector's gain of 8.77% and the S&P 500's gain of 0.71%.
The investment community will be closely monitoring the performance of NIO Inc. in its forthcoming earnings report. On that day, NIO Inc. is projected to report earnings of -$0.03 per share, which would represent year-over-year growth of 85.71%. Alongside, our most recent consensus estimate is anticipating revenue of $4.97 billion, indicating a 62.42% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.13 per share and revenue of $19.06 billion, indicating changes of +86.73% and +54.6%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for NIO Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, there's been a 1.3% fall in the Zacks Consensus EPS estimate. Right now, NIO Inc. possesses a Zacks Rank of #3 (Hold).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 32% of all 250+ industries.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.