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NIO Inc. (NIO) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research
·2-min read

NIO Inc. (NIO) closed at $40.03 in the latest trading session, marking a +1.06% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.74%.

Heading into today, shares of the company had gained 12.62% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 3.92% and the S&P 500's gain of 1.34% in that time.

Investors will be hoping for strength from NIO as it approaches its next earnings release.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.79 per share and revenue of $5.57 billion, which would represent changes of -19.7% and +131.5%, respectively, from the prior year.

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It is also important to note the recent changes to analyst estimates for NIO. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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.

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. Over the past month, the Zacks Consensus EPS estimate 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 198, which puts it in the bottom 23% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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