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NIO Inc. (NIO) Dips More Than Broader Markets: What You Should Know

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NIO Inc. (NIO - Free Report) closed at $19.04 in the latest trading session, marking a -1.5% move from the prior day. This change lagged the S&P 500's 1.15% loss on the day. At the same time, the Dow lost 0.71%, and the tech-heavy Nasdaq lost 0.13%.

Prior to today's trading, shares of the company had lost 15.77% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 2.1% and the S&P 500's gain of 1.44% in that time.

Wall Street will be looking for positivity from NIO Inc. as it approaches its next earnings report date.

NIO's full-year Zacks Consensus Estimates are calling for earnings of -$0.63 per share and revenue of $9.1 billion. These results would represent year-over-year changes of +40% and +62.46%, respectively.

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

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.

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 remained stagnant within the past month. NIO Inc. is currently sporting a Zacks Rank of #4 (Sell).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 95, putting it in the top 38% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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