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NIO Inc. (NIO) Gains As Market Dips: What You Should Know

Zacks Equity Research
·2 min read

NIO Inc. (NIO) closed the most recent trading day at $18.35, moving +0.27% from the previous trading session. This change outpaced the S&P 500's 0.84% loss on the day. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.19%.

Heading into today, shares of the company had lost 3.02% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 4.84% and the S&P 500's loss of 10.24% in that time.

NIO Inc. will be looking to display strength as it nears its next earnings release.

NIO's full-year Zacks Consensus Estimates are calling for earnings of -$0.80 per share and revenue of $8.64 billion. These results would represent year-over-year changes of +23.81% and +54.25%, respectively.

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It is also important to note the recent changes to analyst estimates for NIO Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.91% lower within the past month. NIO Inc. is currently sporting a Zacks Rank of #3 (Hold).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 148, putting it in the bottom 42% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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Zacks Investment Research