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NIO Inc. (NIO) Stock Sinks As Market Gains: What You Should Know
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NIO Inc. (NIO - Free Report) closed the most recent trading day at $40.47, moving -1.94% from the previous trading session. This move lagged the S&P 500's daily gain of 0.18%.
Heading into today, shares of the company had gained 12.24% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 11.67% and the S&P 500's gain of 2.96% in that time.
Investors will be hoping for strength from NIO as it approaches its next earnings release.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.79 per share and revenue of $5.57 billion. These totals would mark changes of -19.7% and +131.5%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for NIO. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. NIO currently has a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 22% 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.
To follow NIO in the coming trading sessions, be sure to utilize Zacks.com.
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NIO Inc. (NIO) Stock Sinks As Market Gains: What You Should Know
NIO Inc. (NIO - Free Report) closed the most recent trading day at $40.47, moving -1.94% from the previous trading session. This move lagged the S&P 500's daily gain of 0.18%.
Heading into today, shares of the company had gained 12.24% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 11.67% and the S&P 500's gain of 2.96% in that time.
Investors will be hoping for strength from NIO as it approaches its next earnings release.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.79 per share and revenue of $5.57 billion. These totals would mark changes of -19.7% and +131.5%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for NIO. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. NIO currently has a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 22% 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.
To follow NIO in the coming trading sessions, be sure to utilize Zacks.com.