NIO (NIO) to Release Earnings on Friday

NIO (NYSE:NIO - Get Free Report) is expected to announce its Q4 2024 earnings results before the market opens on Friday, March 21st. Analysts expect the company to announce earnings of ($0.33) per share and revenue of $20.19 billion for the quarter. NIO has set its Q1 2025 guidance at EPS.Investors that wish to listen to the company's conference call can do so using this link.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The company had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $20.19 billion. During the same period last year, the firm earned ($2.81) earnings per share. NIO's revenue for the quarter was up 15.2% 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 4.4 %

Shares of NIO traded down $0.21 during mid-day trading on Friday, hitting $4.51. 82,569,065 shares of the company's stock traded hands, compared to its average volume of 55,261,448. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. NIO has a 1 year low of $3.61 and a 1 year high of $7.71. The firm has a market capitalization of $9.40 billion, a P/E ratio of -2.98 and a beta of 1.81. The business's 50-day moving average price is $4.43 and its 200-day moving average price is $4.86.

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Analysts Set New Price Targets

Several equities analysts have recently issued reports on NIO shares. The Goldman Sachs Group cut NIO from a "neutral" rating to a "sell" rating and reduced their target price for the company from $4.80 to $3.90 in a research note on Monday, November 25th. HSBC cut NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. downgraded NIO from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $5.03.

NIO Company Profile

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.