Key Takeaways From NIO's Q1 Earnings Call
Portfolio Pulse from Anusuya Lahiri
NIO reported Q1 FY23 sales growth of 7.7% YoY to $1.56 billion, missing the consensus of $1.63 billion. EPS loss of $(0.36) beat the consensus loss of $(0.41). NIO ES6 ranked first in JD Power's 2023 China NEV Initial Quality Study. The company plans to launch NIO ET5 Touring on June 15 and upgrade its smart system Banyan to version 2.0.
June 09, 2023 | 5:59 pm
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POSITIVE IMPACT
NIO's Q1 sales growth missed consensus, but EPS loss beat estimates. NIO ES6 ranked first in JD Power's study, and the company plans to launch NIO ET5 Touring and upgrade its smart system.
NIO's Q1 sales growth missed consensus, which may have a negative impact on the stock price. However, the EPS loss beat estimates, and the company's achievements in JD Power's study, the upcoming launch of NIO ET5 Touring, and the upgrade of its smart system may have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100