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NIO Inc. (NIO) Stock Moves -3.03%: What You Should Know
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NIO Inc. (NIO - Free Report) closed at $3.20 in the latest trading session, marking a -3.03% move from the prior day. This change was narrower than the S&P 500's 4.36% loss on the day. Meanwhile, the Dow experienced a drop of 3.44%, and the technology-dominated Nasdaq saw a decrease of 5.52%.
The stock of company has fallen by 6.78% in the past month, lagging the Auto-Tires-Trucks sector's gain of 4.23% and the S&P 500's loss of 0.38%.
The upcoming earnings release of NIO Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.03, marking a 85.71% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.97 billion, up 62.42% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.13 per share and revenue of $19.06 billion, which would represent changes of +86.73% and +54.6%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for NIO Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.3% lower. 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 206, which puts it in the bottom 17% 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.
View the Zacks #1 Rank List
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NIO Inc. (NIO) Stock Moves -3.03%: What You Should Know
NIO Inc. (NIO - Free Report) closed at $3.20 in the latest trading session, marking a -3.03% move from the prior day. This change was narrower than the S&P 500's 4.36% loss on the day. Meanwhile, the Dow experienced a drop of 3.44%, and the technology-dominated Nasdaq saw a decrease of 5.52%.
The stock of company has fallen by 6.78% in the past month, lagging the Auto-Tires-Trucks sector's gain of 4.23% and the S&P 500's loss of 0.38%.
The upcoming earnings release of NIO Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.03, marking a 85.71% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.97 billion, up 62.42% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.13 per share and revenue of $19.06 billion, which would represent changes of +86.73% and +54.6%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for NIO Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.3% lower. 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 206, which puts it in the bottom 17% 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.