NIO (NIO) to Release Quarterly Earnings on Wednesday

NIO (NYSE:NIO) will post its quarterly earnings results before the market opens on Wednesday, November 20th. Analysts expect NIO to post earnings of ($0.32) per share for the quarter. NIO has set its Q3 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

NIO (NYSE:NIO) last issued its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, meeting analysts’ consensus estimates of ($2.21). NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The firm had revenue of $17.45 billion for the quarter, compared to analysts’ expectations of $17.49 billion. During the same quarter in the prior year, the firm earned ($0.51) EPS. The business’s revenue for the quarter was up 98.9% compared to the same quarter last year. On average, analysts expect NIO to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NIO Trading Up 4.0 %

Shares of NIO opened at $4.67 on Tuesday. The firm has a market cap of $8.03 billion, a P/E ratio of -3.07 and a beta of 1.91. NIO has a fifty-two week low of $3.61 and a fifty-two week high of $9.57. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.11. The business has a 50-day moving average of $5.55 and a 200 day moving average of $4.92.

Analyst Ratings Changes

NIO has been the topic of a number of recent research reports. Macquarie upgraded shares of NIO from a “neutral” rating to an “outperform” rating and set a $6.60 price target on the stock in a research note on Monday, October 28th. JPMorgan Chase & Co. raised NIO from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $5.30 to $8.00 in a report on Friday, September 6th. Daiwa America upgraded NIO to a “strong-buy” rating in a research note on Monday, September 30th. Citigroup cut their target price on NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Finally, Wolfe Research assumed coverage on NIO in a report on Thursday, September 5th. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.11.

About NIO

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.