NIO Inc. (NYSE:NIO) is reporting second quarter financial results on Tuesday 11th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, NIO is expected to report 2Q20 loss of $ 0.26 per share from revenue of $ 504.00 million.
For the full year, analysts anticipate top line of $ 1948.22 million, while looking forward to loss of $ 0.9 per share bottom line.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 475.70 million ~ $ 499.10 million
Click Here For More Historical Outlooks Of NIO Inc.
Previous Quarter Performance
NIO Inc. unveiled loss for the first quarter of $ 0.22 per share, from the revenue of $ 193.76 million. The quarterly revenues lowered 12.53 percent compared with the same quarter last year. According to street consensus, NIO was expected to report 1Q20 loss of $ 0.26 per share from revenue of $ 234.10 million. The bottom line results beat street analysts by $ 0.04 or 15.38 percent, at the same time, top line results fell short of analysts by $ 40.34 million or 17.23 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NIO was $ 14.21, representing a 1,094.12 % increase from the 52 week low of $ 1.19 and a 13.56 % decrease over the 52 week high of $ 16.44.
The company has a market capital of $ 16.83 billion and is part of the Consumer Cyclical sector and Auto Manufacturers industry.
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Recent Analyst recommendations
- On 24th June 2020, downgraded by Goldman Sachs Group to Neutral from Buy rating, with $ 7.00 target price.
Conference Call
NIO Inc. will be hosting a conference call at 8:00 AM eastern time on 11th August 2020, to discuss its 2Q20 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.
