NIO (NIO) to Release Earnings on Wednesday

NIO (NYSE:NIO) will release its 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

NIO (NYSE:NIO) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($2.21). NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The business had revenue of $17.45 billion during the quarter, compared to the consensus estimate of $17.49 billion. During the same period in the previous year, the firm posted ($0.51) earnings per share. The business’s 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 Stock Down 9.4 %

NIO opened at $4.59 on Wednesday. The stock’s 50 day moving average price is $5.58 and its 200 day moving average price is $4.93. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 1.01. The stock has a market cap of $7.88 billion, a P/E ratio of -3.02 and a beta of 1.91. NIO has a 12 month low of $3.61 and a 12 month high of $9.57.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Bank of America raised their price target on NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a report on Thursday, September 5th. Wolfe Research started coverage on shares of NIO in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. upgraded shares of NIO from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $5.30 to $8.00 in a report on Friday, September 6th. Citigroup dropped their target price on NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Finally, Macquarie raised NIO from a “neutral” rating to an “outperform” rating and set a $6.60 price target for the company in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NIO currently has a consensus rating of “Hold” and an average 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.