NIO (NIO) Set to Announce Quarterly Earnings on Wednesday

NIO (NYSE:NIO) is scheduled to be posting its quarterly earnings results 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 interested in listening to the company’s earnings conference call can do so using this link.

NIO (NYSE:NIO) last released its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share 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 during the quarter, compared to analyst estimates of $17.49 billion. During the same period last year, the business earned ($0.51) EPS. 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 Performance

Shares of NIO stock opened at $4.49 on Monday. The company’s fifty day moving average price is $5.57 and its two-hundred 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 firm has a market capitalization of $7.72 billion, a P/E ratio of -2.95 and a beta of 1.91. NIO has a 12 month low of $3.61 and a 12 month high of $9.57.

Analyst Ratings Changes

A number of brokerages have weighed in on NIO. Macquarie upgraded NIO from a “neutral” rating to an “outperform” rating and set a $6.60 price objective for the company in a research note on Monday, October 28th. 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 report on Thursday, September 5th. JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $5.30 to $8.00 in a research report on Friday, September 6th. Daiwa America raised NIO to a “strong-buy” rating in a report on Monday, September 30th. Finally, Wolfe Research started coverage on NIO in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, NIO presently 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.