In the latest close session, NIO Inc. (NIO) was down 4.15% at $4.62. This change lagged the S&P 500's 0.32% loss on the day. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq lost 0.6%.
Shares of the company have depreciated by 2.23% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 10.61%, and lagging the S&P 500's gain of 2.46%.
The investment community will be closely monitoring the performance of NIO Inc. in its forthcoming earnings report. The company is predicted to post an EPS of -$0.07, indicating a 78.13% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.78 billion, indicating a 80.16% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.1 per share and revenue of $19.24 billion, which would represent changes of +89.8% and +56.03%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for NIO Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Within the past 30 days, our consensus EPS projection has moved 20.51% higher. NIO Inc. currently has a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 168, putting it in the bottom 32% 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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