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NIO Inc. (NIO) Stock Sinks As Market Gains: Here's Why
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NIO Inc. (NIO - Free Report) ended the recent trading session at $4.83, demonstrating a -1.83% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.02%. Elsewhere, the Dow saw a downswing of 0.14%, while the tech-heavy Nasdaq appreciated by 0.33%.
The company's shares have seen an increase of 42.2% over the last month, surpassing the Auto-Tires-Trucks sector's gain of 2.82% and the S&P 500's gain of 4.93%.
The investment community will be closely monitoring the performance of NIO Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.3, signifying a 11.76% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.76 billion, up 14.78% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$1.04 per share and a revenue of $13.66 billion, demonstrating changes of +31.13% and +49.61%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for NIO Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.24% lower. 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 bearing a Zacks Industry Rank of 227, finds itself in the bottom 9% echelons 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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NIO Inc. (NIO) Stock Sinks As Market Gains: Here's Why
NIO Inc. (NIO - Free Report) ended the recent trading session at $4.83, demonstrating a -1.83% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.02%. Elsewhere, the Dow saw a downswing of 0.14%, while the tech-heavy Nasdaq appreciated by 0.33%.
The company's shares have seen an increase of 42.2% over the last month, surpassing the Auto-Tires-Trucks sector's gain of 2.82% and the S&P 500's gain of 4.93%.
The investment community will be closely monitoring the performance of NIO Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.3, signifying a 11.76% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.76 billion, up 14.78% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$1.04 per share and a revenue of $13.66 billion, demonstrating changes of +31.13% and +49.61%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for NIO Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.24% lower. 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 bearing a Zacks Industry Rank of 227, finds itself in the bottom 9% echelons 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.
You can find more information on all of these metrics, and much more, on Zacks.com.