NIO Inc. (NYSE:NIO) is set to announce third quarter earning results on Tuesday 17th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, NIO to report 3Q20 loss of $ 0.17 per share.
For the full year, analysts anticipate top line of $ 2281.75 million, while looking forward to loss of $ 0.73 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 572.90 million ~ $ 596.20 million
Click Here For More Historical Outlooks Of NIO Inc.
Previous Quarter Performance
NIO Inc. announced loss for the second quarter of $ 0.15 per share, from the revenue of $ 526.38 million. The quarterly revenues gained 144.19 percent compared with the same quarter last year. According to street consensus, NIO was expected to report 2Q20 loss of $ 0.26 per share from revenue of $ 504.00 million. The bottom line results beat street analysts by $ 0.11 or 42.31 percent, at the same time, top line results outshined analysts by $ 22.38 million or 4.44 percent.
Stock Performance
Shares of NIO Inc. traded up $ 1.02 or 2.29 percent on Monday, reaching $ 45.58 with volume of 295.91 million shares. NIO Inc. has traded high as $ 45.85 and has cracked $ 41.10 on the downward trend
According to the previous trading day, closing price of $ 45.58, representing a 2,417.51 % increase from the 52 week low of $ 1.77 and a 17.79 % decrease over the 52 week high of $ 54.20.
The company has a market capital of $ 62.09 billion and is part of the Consumer Cyclical sector and Auto Manufacturers industry.
Recent Analyst recommendations
- On 14th October 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating.
Conference Call
NIO Inc. will be hosting a conference call at 7:00 PM eastern time on 17th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nio.io
NIO Inc. designs, manufactures, and sells electric vehicles in the Peoples Republic of China, Hong Kong, the United States, the United Kingdom, and Germany. The company offers five, six, and seven-seater electric SUVs.
