$蔚来(NIO)$NIO (NYSE:NIO) is scheduled to announce Q1 earnings results on Thursday, June 9th, before market open.

The consensus EPS Estimate is -$0.16 (compared to -$0.48 in year ago quarter) and the consensus Revenue Estimate is $1.48B (+21.3% Y/Y).

The company reported a sequential growth in its May deliveries and a 5% Y/Y growth; Nio added 34 battery swap stations, 37 supercharging stations, 20 destination charging stations and 10K third-party charging piles to its charging map in May.

Over the last 2 years, NIO has beaten EPS estimates 50% of the time and has beaten revenue estimates 88% of the time.

Over the last 3 months, EPS estimates have seen 0 upward revisions and 3 downward. Revenue estimates have seen 0 upward revisions and 3 downward.

Deutsche Bank analyst Edison Yu's team indicates, "We expect a mostly in-line quarter with investor attention to be focused on the Q2 outlook (we forecast 24K deliveries) and commentary around the supply chain post Covid lock downs."

The company delivered 25,768 vehicles in Q1 which is within its earlier given guidance range of 25-26K vehicles; it represented a 28.5% Y/Y and a 2.9% growth from Q4.

With Shanghai opening up, Nio can finally get back on track with its product super cycle this year.

Deutsche reduced their forecast for NIO deliveries in 2022 by 10K units to 160K while it maintained their 2023 forecast at 320K units or double Y/Y.