NIO Inc reports results for the quarter ended December 31 - Earnings Summary

• NIO Inc NIO.N reported a quarterly adjusted loss of CNY3.17​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of CNY-2.81. The mean expectation of seven analysts for the quarter was for a loss of CNY2.26 per share. Wall Street expected results to range from CNY-2.63 to CNY-1.84 per share.

• Revenue rose 15.2% to CNY19.70 billion from a year ago; analysts expected CNY20.16 billion.

• NIO Inc's reported EPS for the quarter was a loss of CNY3.45​.

• The company reported a quarterly loss of CNY7.13 billion.

• NIO Inc shares had risen by 8.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 12 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the auto & truck manufacturers peer group is also "buy"

Wall Street's median 12-month price target for NIO Inc is $5.50

This summary was machine generated from LSEG data March 21 at 01:30 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)