Zacks Research Weighs in on NIO's FY2027 Earnings (NYSE:NIO)

Nio Inc - (NYSE:NIO - Free Report) - Equities researchers at Zacks Research reduced their FY2027 earnings per share estimates for shares of NIO in a research note issued on Thursday, April 24th. Zacks Research analyst L. Shahu now forecasts that the company will post earnings of $0.20 per share for the year, down from their previous forecast of $0.21. The consensus estimate for NIO's current full-year earnings is ($1.43) per share.

A number of other research firms have also recently issued reports on NIO. Hsbc Global Res cut shares of NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Citigroup reiterated a "buy" rating on shares of NIO in a report on Monday. Mizuho lowered their price objective on shares of NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, Cfra Research upgraded shares of NIO to a "hold" rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NIO presently has an average rating of "Hold" and an average price target of $5.05.

NIO Stock Performance

Shares of NYSE:NIO traded down $0.22 during trading on Monday, reaching $4.02. The stock had a trading volume of 18,722,245 shares, compared to its average volume of 56,055,706. 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 stock has a fifty day simple moving average of $4.12 and a two-hundred day simple moving average of $4.45. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of -2.66 and a beta of 1.74. NIO has a 52 week low of $3.02 and a 52 week high of $7.71.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $20.19 billion. During the same quarter in the prior year, the company posted ($2.81) EPS. The firm's quarterly revenue was up 15.2% compared to the same quarter last year.

Hedge Funds Weigh In On NIO

Several hedge funds have recently added to or reduced their stakes in NIO. Tidal Investments LLC grew its position in shares of NIO by 2.4% during the 3rd quarter. Tidal Investments LLC now owns 280,140 shares of the company's stock worth $1,871,000 after buying an additional 6,545 shares during the period. Garden State Investment Advisory Services LLC acquired a new stake in NIO during the 3rd quarter worth $374,000. Principal Financial Group Inc. lifted its stake in shares of NIO by 140.2% in the 3rd quarter. Principal Financial Group Inc. now owns 75,100 shares of the company's stock valued at $502,000 after purchasing an additional 43,839 shares during the period. FNY Investment Advisers LLC boosted its position in shares of NIO by 352.6% in the 4th quarter. FNY Investment Advisers LLC now owns 145,430 shares of the company's stock worth $634,000 after purchasing an additional 113,296 shares during the last quarter. Finally, Sanders Morris Harris LLC acquired a new stake in shares of NIO during the fourth quarter worth $270,000. Institutional investors own 48.55% of the company's stock.

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.