NIO Inc. (NIO) closed at USD 36.09 in the last trading session, a movement of + 1.21% compared to the previous day. This move exceeded the S&P 500’s daily gain of 0.36%.
To date, the company’s shares were down 17.29% in the past month. Over the same period, the Auto-Tires-Trucks sector lost 1.39%, while the S&P 500 gained 5.21%.
Wall Street will look for a positive stance from NIO as it nears its next earnings report date. This is expected to be April 29, 2021.
For the full year, our Zacks Consensus estimates forecast earnings of $ 0.37 per share and revenue of $ 5.21 billion, a year-over-year change of + 43.94% and + 116.87%, respectively .
Recent changes in analyst estimates for NIO should also be noted by investors. These revisions help highlight the ever-changing nature of short-term business trends. As a result, we can interpret positive estimates as a good sign of the company’s business outlook.
Our research shows that these changes in estimates correlate directly with short-term stock prices. We developed the Zacks rank to take advantage of this phenomenon. Our system takes these changes in estimates into account and provides a clear, actionable valuation model.
The Zacks Rank system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable externally verified track record, with the # 1 stocks seeing an average annual return of + 25% since 1988. Zack’s Consensus EPS estimate remained flat over the last month. NIO currently holds a Zacks rank of # 3 (Hold).
The Automotive Industry – Foreign Industry is part of the Car Tire Truck Sector. This industry currently has a Zacks industry ranking of 67, making it one of the top 27% of all over 250 industries.
The Zacks Industry Rank ranks best to worst in terms of the average Zacks rank of each company in each of these sectors. Our research shows that the industries with the top 50% outperform the bottom half by a factor of 2 to 1.
Follow all of these and many more stock movement metrics on Zacks.com.
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