What is Zacks Research's Forecast for NIO FY2027 Earnings?

Nio Inc - (NYSE:NIO - Free Report) - Equities researchers at Zacks Research reduced their FY2027 earnings per share (EPS) estimates for shares of NIO in a research note issued on Thursday, April 24th. Zacks Research analyst L. Shahu now forecasts that the company will post earnings per share of $0.20 for the year, down from their previous estimate of $0.21. The consensus estimate for NIO's current full-year earnings is ($1.43) per share.

Several other brokerages have also recently issued reports on NIO. Citigroup reaffirmed a "buy" rating on shares of NIO in a report on Monday. Cfra Research raised shares of NIO to a "hold" rating in a report on Friday, March 21st. Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Mizuho lowered their price objective on NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.05.

NIO Price Performance

NIO stock traded down $0.08 during mid-day trading on Monday, hitting $4.23. The company had a trading volume of 45,802,185 shares, compared to its average volume of 56,201,371. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of -2.80 and a beta of 1.74. The company has a 50-day moving average price of $4.12 and a 200 day moving average price of $4.45. 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 12-month low of $3.02 and a 12-month high of $7.71.

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

Hedge Funds Weigh In On NIO

A number of large investors have recently bought and sold shares of NIO. SG Americas Securities LLC boosted its stake in shares of NIO by 83.3% during the first quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock valued at $8,038,000 after purchasing an additional 958,750 shares during the period. Trexquant Investment LP bought a new stake in NIO during the 4th quarter valued at about $3,305,000. Raymond James Financial Inc. purchased a new stake in NIO in the 4th quarter valued at about $1,776,000. XY Capital Ltd bought a new position in NIO in the 4th quarter worth about $1,544,000. Finally, AI Squared Management Ltd purchased a new position in shares of NIO during the fourth quarter worth approximately $1,491,000. Hedge funds and other institutional investors own 48.55% of the company's stock.

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.