Zacks Research Issues Pessimistic Forecast for NIO Earnings

Nio Inc – (NYSE:NIO) – Research analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for shares of NIO in a research report issued on Wednesday, December 4th. Zacks Research analyst L. Shahu now forecasts that the company will earn ($1.46) per share for the year, down from their prior forecast of ($1.39). The consensus estimate for NIO’s current full-year earnings is ($1.41) per share. Zacks Research also issued estimates for NIO’s Q4 2024 earnings at ($0.40) EPS, Q1 2025 earnings at ($0.13) EPS, Q2 2025 earnings at ($0.26) EPS, FY2025 earnings at ($0.98) EPS, Q1 2026 earnings at ($0.04) EPS, Q2 2026 earnings at ($0.04) EPS, Q3 2026 earnings at $0.02 EPS and FY2026 earnings at $0.00 EPS.

Several other brokerages have also weighed in on NIO. Daiwa America raised NIO to a “strong-buy” rating in a research report on Monday, September 30th. The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and cut their target price for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Wolfe Research began coverage on NIO in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Bank of America increased their target price on NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Finally, Citigroup cut their target price on NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.71.

NIO Trading Down 7.8 %

Shares of NIO stock opened at $4.78 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market cap of $8.21 billion, a PE ratio of -3.16 and a beta of 1.77. The business’s fifty day moving average is $5.20 and its two-hundred day moving average is $4.84. NIO has a fifty-two week low of $3.61 and a fifty-two week high of $9.57.

Institutional Trading of NIO

Large investors have recently modified their holdings of the business. Ridgewood Investments LLC acquired a new stake in shares of NIO during the second quarter valued at about $25,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of NIO during the third quarter valued at about $32,000. Baader Bank Aktiengesellschaft acquired a new position in NIO in the second quarter worth about $53,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in NIO by 22.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock worth $61,000 after purchasing an additional 2,651 shares in the last quarter. Finally, Caprock Group LLC acquired a new position in NIO in the second quarter worth about $63,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

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.