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NIO Inc. (NIO) Stock Dips While Market Gains: Key Facts
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NIO Inc. (NIO - Free Report) ended the recent trading session at $3.24, demonstrating a -1.22% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 1.31% for the day. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 1.6%.
Shares of the company witnessed a loss of 7.87% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 1.07%, and the S&P 500's loss of 3.66%.
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 -$0.03 per share. This would mark year-over-year growth of 85.71%. Our most recent consensus estimate is calling for quarterly revenue of $4.97 billion, up 62.42% from the year-ago period.
NIO's full-year Zacks Consensus Estimates are calling for earnings of -$0.13 per share and revenue of $19.06 billion. These results would represent year-over-year changes of +86.73% and +54.6%, respectively.
It is also important to note the recent changes to analyst estimates for NIO Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 moved 1.3% lower. NIO Inc. presently features a Zacks Rank of #3 (Hold).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 211, placing it within the bottom 15% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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NIO Inc. (NIO) Stock Dips While Market Gains: Key Facts
NIO Inc. (NIO - Free Report) ended the recent trading session at $3.24, demonstrating a -1.22% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 1.31% for the day. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 1.6%.
Shares of the company witnessed a loss of 7.87% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 1.07%, and the S&P 500's loss of 3.66%.
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 -$0.03 per share. This would mark year-over-year growth of 85.71%. Our most recent consensus estimate is calling for quarterly revenue of $4.97 billion, up 62.42% from the year-ago period.
NIO's full-year Zacks Consensus Estimates are calling for earnings of -$0.13 per share and revenue of $19.06 billion. These results would represent year-over-year changes of +86.73% and +54.6%, respectively.
It is also important to note the recent changes to analyst estimates for NIO Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 moved 1.3% lower. NIO Inc. presently features a Zacks Rank of #3 (Hold).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 211, placing it within the bottom 15% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.