What is Zacks Research’s Estimate for NIO FY2024 Earnings?

Nio Inc – (NYSE:NIO) – Research analysts at Zacks Research cut their FY2024 earnings per share estimates for NIO in a research note issued on Wednesday, December 4th. Zacks Research analyst L. Shahu now anticipates that the company will post earnings per share of ($1.46) for the year, down from their previous estimate of ($1.39). The consensus estimate for NIO’s current full-year earnings is ($1.41) per share. Zacks Research also issued estimates for NIO’s Q4 2024 earnings at ($0.40) EPS, Q1 2025 earnings at ($0.13) EPS, Q2 2025 earnings at ($0.26) EPS, FY2025 earnings at ($0.98) EPS, Q1 2026 earnings at ($0.04) EPS, Q2 2026 earnings at ($0.04) EPS, Q3 2026 earnings at $0.02 EPS and FY2026 earnings at $0.00 EPS.

A number of other research firms have also recently weighed in on NIO. Macquarie cut shares of NIO from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $6.60 to $4.80 in a research report on Wednesday, November 20th. Bank of America raised their price target on shares of NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Wolfe Research initiated coverage on NIO in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. raised NIO from a “neutral” rating to an “overweight” rating and increased their target price for the company from $5.30 to $8.00 in a report on Friday, September 6th. Finally, Daiwa America raised NIO to a “strong-buy” rating in a research note on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.71.

NIO Trading Up 12.4 %

Shares of NYSE:NIO opened at $5.18 on Monday. The business’s 50 day moving average price is $5.25 and its 200-day moving average price is $4.84. NIO has a 1 year low of $3.61 and a 1 year high of $9.57. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of -3.43 and a beta of 1.77. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

Institutional Trading of NIO

Several hedge funds have recently made changes to their positions in NIO. FMR LLC lifted its position in NIO by 5,388.5% in the third quarter. FMR LLC now owns 5,394,895 shares of the company’s stock valued at $36,038,000 after buying an additional 5,296,601 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of NIO by 164.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 6,464,246 shares of the company’s stock worth $26,891,000 after purchasing an additional 4,018,659 shares during the period. Point72 Hong Kong Ltd acquired a new stake in NIO in the 3rd quarter valued at approximately $4,879,000. Quadrature Capital Ltd raised its position in NIO by 32.3% in the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock valued at $14,756,000 after purchasing an additional 538,907 shares during the period. Finally, Krane Funds Advisors LLC lifted its stake in NIO by 31.7% during the second quarter. Krane Funds Advisors LLC now owns 1,538,781 shares of the company’s stock worth $6,401,000 after purchasing an additional 370,556 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

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.