🔥Stock Prediction: How will NIO close following their Earnings Report on 10 November
Click to vote. Can you predict where$NIO Inc.(NIO)$ will move following their earnings? If you get the right answers, you can get 20 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.$NIO Inc.(NIO)$ is scheduled to announce its Q3 earnings results before the market opens on Thursday, 10 November 2022. Lets's guess where NIO will move following their earnings?
Investors in Nio were already nervous after theEV maker's second-quarter numbers, released in September, attracted multiple analyst downgrades. Although Nio's second-quarter revenue grew 21% year over year, its vehicle and gross margins slumped on rising input costs. Consequently, the company posted a huge net loss for the second quarter that far exceeded consensus estimates.
💡Highlights of this quarter:
Nio (NIO) delivered 10,059 vehicles in October, representing an increase of 174.3% year-over-year. The deliveries consisted of 5,979 premium smart electric SUVs including 2,814 ES7s, and 4,080 premium smart electric sedans including 3,050 ET7s and 1,030 ET5s.Previously released data has shown that NIO delivered 31,607 vehicles in the third quarter, representing 29.3% percent year-on-year increase.
The electric carmaker is expected to give its forecast for the fourth quarter, which has so far seen disruption in both production and delivery due to Covid restrictions in China. Gross margin for the third quarter is projected to widen sequentially to 14.9% from prior quarter’s 13%. Bloomberg Intelligence says shipment growth and pricing bode well for NIO’s margin recovery, adding sales of the new and more expensive ET7 sedans and ES7 SUVs help lift average selling prices.
✅NIO Q3 earnings consensus
Wall Street Consensus Estimate for EPS has been RMB -1.112 per share over the past 30 days. The consensus mark for revenues is currently pegged at RMB 13 billion.
- Click to vote. Guess where$NIO Inc.(NIO)$ will move following their earnings? If you get correct answers, you can get 20 Tiger Coins.
- Reply and forward this post, share your insights about NIO's financial reports, we will give 100 Tiger Coins with outstanding comments.
⏰Event Time
The deadline for this event is 22:00 on 10 November 2022, SGT
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