Nio Q4 Earnings Preview: What Investors Should Watch As Shares Near 52-Week Lows
Portfolio Pulse from Chris Katje
Nio Inc (NYSE:NIO) is set to report its Q4 financial results, with analysts expecting a loss of 55 cents per share and revenue of $2.34 billion. The company previously missed revenue estimates and reported a loss of 44 cents per share in the same quarter last year. Analysts have recently downgraded NIO and lowered price targets. Key items to watch include updates on vehicle production, deliveries, and the ET9 luxury sedan's pre-orders. NIO's shares are nearing 52-week lows, down 39% over the last year.
March 04, 2024 | 5:10 pm
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NEGATIVE IMPACT
Nio Inc is anticipated to report a Q4 loss with slight revenue growth YOY but a sequential drop. Analyst downgrades and price target reductions could pressure the stock. Updates on vehicle production and ET9 pre-orders are crucial.
Nio's expected Q4 loss, coupled with recent analyst downgrades and price target reductions, suggests potential short-term negative impact on its stock price. However, positive updates on vehicle production and the ET9 luxury sedan could mitigate some concerns.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100