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NIO Inc. (NIO) Increases Despite Market Slip: Here's What You Need to Know
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NIO Inc. (NIO - Free Report) closed the most recent trading day at $4.25, moving +1.92% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.4% for the day. Elsewhere, the Dow saw a downswing of 0.98%, while the tech-heavy Nasdaq appreciated by 0.18%.
The company's shares have seen an increase of 18.47% over the last month, surpassing the Auto-Tires-Trucks sector's gain of 0.64% and the S&P 500's gain of 4.97%.
Investors will be eagerly watching for the performance of NIO Inc. in its upcoming earnings disclosure. The company is expected to report EPS of -$0.3, up 11.76% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $2.76 billion, showing a 14.78% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.04 per share and a revenue of $13.66 billion, signifying shifts of +31.13% and +49.61%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for NIO Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 last 30 days, the Zacks Consensus EPS estimate has moved 2.35% higher. Currently, NIO Inc. is carrying 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 209, which puts it in the bottom 16% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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NIO Inc. (NIO) Increases Despite Market Slip: Here's What You Need to Know
NIO Inc. (NIO - Free Report) closed the most recent trading day at $4.25, moving +1.92% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.4% for the day. Elsewhere, the Dow saw a downswing of 0.98%, while the tech-heavy Nasdaq appreciated by 0.18%.
The company's shares have seen an increase of 18.47% over the last month, surpassing the Auto-Tires-Trucks sector's gain of 0.64% and the S&P 500's gain of 4.97%.
Investors will be eagerly watching for the performance of NIO Inc. in its upcoming earnings disclosure. The company is expected to report EPS of -$0.3, up 11.76% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $2.76 billion, showing a 14.78% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.04 per share and a revenue of $13.66 billion, signifying shifts of +31.13% and +49.61%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for NIO Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 last 30 days, the Zacks Consensus EPS estimate has moved 2.35% higher. Currently, NIO Inc. is carrying 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 209, which puts it in the bottom 16% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.