Zacks Research Has Pessimistic View of NIO FY2027 Earnings
Zacks Research has revised its FY2027 earnings per share (EPS) estimate for Nio Inc. (NYSE:NIO) down to $0.20 from $0.21. The consensus estimate for NIO's current full-year earnings is ($1.43) per share. Various analysts have adjusted their ratings and price targets for NIO, with a consensus rating of "Hold" and a price target of $5.05. NIO's stock opened at $4.04, with a market cap of $8.43 billion. The company reported a loss of ($0.47) EPS for the last quarter, missing estimates significantly.
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Nio Inc - (NYSE:NIO - Free Report) - Equities researchers at Zacks Research dropped their FY2027 EPS estimates for NIO in a note issued to investors on Thursday, April 24th. Zacks Research analyst L. Shahu now forecasts that the company will post earnings per share of $0.20 for the year, down from their previous estimate of $0.21. The consensus estimate for NIO's current full-year earnings is ($1.43) per share.
NIO has been the topic of several other research reports. Cfra Research upgraded NIO to a "hold" rating in a report on Friday, March 21st. Citigroup lowered their price objective on shares of NIO from $8.90 to $8.10 and set a "buy" rating for the company in a research report on Monday, March 24th. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Hsbc Global Res cut shares of NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, Mizuho reduced their price objective on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $5.05.
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Read Our Latest Report on NIO
NIO Stock Down 3.3 %
NYSE NIO opened at $4.04 on Monday. The stock's 50 day simple moving average is $4.12 and its 200 day simple moving average is $4.46. NIO has a one year low of $3.02 and a one year high of $7.71. The firm has a market cap of $8.43 billion, a PE ratio of -2.68 and a beta of 1.74. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.
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NIO (NYSE:NIO - Get Free Report) last posted its earnings results 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). The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($2.81) earnings per share.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in NIO. Blue Trust Inc. lifted its stake in NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock valued at $27,000 after buying an additional 3,607 shares during the period. Jones Financial Companies Lllp increased its stake in shares of NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock valued at $33,000 after acquiring an additional 4,332 shares during the last quarter. Callan Family Office LLC acquired a new stake in shares of NIO in the 4th quarter valued at approximately $44,000. Sava Infond d.o.o. bought a new position in NIO during the 4th quarter worth approximately $44,000. Finally, Trilogy Capital Inc. bought a new stake in NIO in the fourth quarter valued at approximately $45,000. 48.55% of the stock is currently owned by institutional investors.
About NIO
(Get Free Report)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.
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