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NIO Inc. (NIO) Outpaces Stock Market Gains: What You Should Know
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NIO Inc. (NIO - Free Report) closed at $4.39 in the latest trading session, marking a +0.69% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.24%. Elsewhere, the Dow saw an upswing of 0.16%, while the tech-heavy Nasdaq appreciated by 0.08%.
Shares of the company have appreciated by 4.31% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 9.09% and the S&P 500's gain of 2.37%.
The investment community will be closely monitoring the performance of NIO Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of -$0.42, marking a 6.67% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $2.85 billion, reflecting a 18.31% rise from the equivalent quarter last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for NIO Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 witnessed a 2.19% decrease. At present, NIO Inc. boasts a Zacks Rank of #3 (Hold).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 157, positioning it in the bottom 38% of all 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.
To follow NIO in the coming trading sessions, be sure to utilize Zacks.com.
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NIO Inc. (NIO) Outpaces Stock Market Gains: What You Should Know
NIO Inc. (NIO - Free Report) closed at $4.39 in the latest trading session, marking a +0.69% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.24%. Elsewhere, the Dow saw an upswing of 0.16%, while the tech-heavy Nasdaq appreciated by 0.08%.
Shares of the company have appreciated by 4.31% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 9.09% and the S&P 500's gain of 2.37%.
The investment community will be closely monitoring the performance of NIO Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of -$0.42, marking a 6.67% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $2.85 billion, reflecting a 18.31% rise from the equivalent quarter last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for NIO Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 witnessed a 2.19% decrease. At present, NIO Inc. boasts a Zacks Rank of #3 (Hold).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 157, positioning it in the bottom 38% of all 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.
To follow NIO in the coming trading sessions, be sure to utilize Zacks.com.