What to expect from NIO’s second quarter earnings


NIO (NYSE:NIO) is scheduled to post its quarterly earnings results before the market opens on Tuesday, August 11th. Analysts expect NIO to post earnings of ($0.35) per share for the quarter. NIO has set its Q2 2020 Pre-Market guidance at EPS.

The EV maker last released its earnings results on Thursday, May 28th. The company reported ($1.60) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.85) by $0.25. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.25 billion.

During the same period in the prior year, the business earned ($2.42) earnings per share. The business’s quarterly revenue was down 15.9% compared to the same quarter last year. On average, analysts expect NIO to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NIO opened at $13.42 on Friday. The business has a fifty day simple moving average of $10.99 and a two-hundred day simple moving average of $5.59. NIO has a 1 year low of $1.19 and a 1 year high of $16.44. The company has a market capitalization of $14.20 billion, a P/E ratio of -9.26 and a beta of 2.61.

A number of analysts have issued reports on the company. CICC Research raised NIO from a “neutral” rating to an “outperform” rating and set a $13.50 target price for the company in a research report on Tuesday, July 21st. Bank of America reaffirmed a “buy” rating and issued a $7.30 price target on shares of NIO in a report on Friday, June 12th. Zacks Investment Research lowered NIO from a “hold” rating to a “sell” rating in a report on Wednesday, July 15th. started coverage on NIO in a report on Tuesday, June 9th. They issued a “sell” rating for the company.

Finally, JPMorgan Chase & Co. raised NIO from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $2.00 to $3.50 in a report on Wednesday, May 27th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $4.87.

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.


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