NIO (NIO) to Release Quarterly Earnings on Wednesday

NIO (NYSE:NIO) will issue its quarterly earnings data before the market opens on Wednesday, November 20th. Analysts expect the company to announce earnings of ($0.32) per share for the quarter. NIO has set its Q3 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

NIO (NYSE:NIO) last announced its 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 net margin of 32.47% and a negative return on equity of 104.61%. The business had revenue of $17.45 billion for the quarter, compared to analysts’ expectations of $17.49 billion. During the same period in the previous year, the company posted ($0.51) EPS. The company’s quarterly revenue was up 98.9% on a year-over-year basis. On average, analysts expect NIO to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NIO Price Performance

Shares of NIO opened at $4.49 on Monday. The firm has a 50-day simple moving average of $5.57 and a 200-day simple moving average of $4.93. 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 company has a market capitalization of $7.72 billion, a price-to-earnings ratio of -2.95 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.

Analyst Ratings Changes

NIO has been the topic of a number of recent research reports. Daiwa America raised NIO to a “strong-buy” rating in a report on Monday, September 30th. Wolfe Research started coverage on NIO in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Bank of America raised their price objective on shares of NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Macquarie raised shares of NIO from a “neutral” rating to an “outperform” rating and set a $6.60 target price for the company in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $5.30 to $8.00 in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, NIO presently has an average rating of “Hold” and a consensus target price 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.