NIO (NIO) Set to Announce Earnings on Wednesday

NIO (NYSE:NIO - Get Free Report) is scheduled to be posting 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.Persons interested in participating in the company's earnings conference call can do so using this link.

NIO (NYSE:NIO - Get Free Report) last issued its earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, meeting the consensus estimate 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 analyst estimates of $17.49 billion. During the same period in the previous year, the business earned ($0.51) EPS. The firm'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 Trading Down 0.2 %

NYSE:NIO traded down $0.01 during mid-day trading on Wednesday, hitting $4.57. The company's stock had a trading volume of 37,845,648 shares, compared to its average volume of 56,716,074. 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 stock has a fifty day moving average of $5.58 and a 200-day moving average of $4.93. NIO has a fifty-two week low of $3.61 and a fifty-two week high of $9.57.

Analyst Upgrades and Downgrades

Several research firms recently commented on NIO. Daiwa America upgraded NIO to a "strong-buy" rating in a research report on Monday, September 30th. Citigroup reduced their target price on shares of NIO from $8.50 to $7.00 and set a "buy" rating on the stock in a research note on Wednesday, September 4th. Wolfe Research began coverage on shares of NIO in a research report on Thursday, September 5th. They set a "peer perform" rating for the company. Bank of America boosted their price target on shares of NIO from $5.00 to $5.30 and gave the company a "neutral" rating in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. raised shares of NIO from a "neutral" rating to an "overweight" rating and upped their price objective for the stock 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the stock 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.