By Jiahui Huang
NIO is scheduled to report results for the third quarter on Wednesday. Here is what you need to know:
NET LOSS: The Chinese automaker is expected to post net loss of 4.75 billion yuan, equivalent to $656.1 million, according to a consensus estimate compiled by Visible Alpha, widening slightly from 4.63 billion yuan a year earlier.
REVENUE: NIO's quarterly revenue likely edged 0.4% higher to 19.14 billion yuan, according to Visible Alpha.
The company's Hong Kong-listed shares rose 65% in the third quarter, paring declines this year to 49%.
WHAT TO WATCH:
--OUTLOOK: NIO usually provides guidance for revenue and vehicle deliveries along with its quarterly results. Investors will be watching for its fourth-quarter delivery forecast.
--MARGIN: Investors will look at NIO's vehicle margin to gauge its profitability. Its vehicle margin was 11.0% in the third quarter last year. Deutsche Bank analyst Bin Wang in a recent note said a higher operating margin was likely for 2024 due to better-than-expected sales volume.
--ONVO: Investors will watch for subbrand ONVO's sales and outlook. The company launched the mass-market brand in May, and investors will be watching if it can help reduce selling, general and administrative expenses, CCB International analyst Qu Ke said.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
November 19, 2024 19:47 ET (00:47 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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