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NIO Inc. (NIO) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research

In the latest trading session, NIO Inc. (NIO) closed at $2.98, marking a +1.02% move from the previous day. This move outpaced the S&P 500's daily gain of 0.09%. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq lost 0.17%.

Coming into today, shares of the company had lost 6.94% in the past month. In that same time, the Auto-Tires-Trucks sector gained 2.65%, while the S&P 500 gained 4.92%.

Investors will be hoping for strength from NIO as it approaches its next earnings release, which is expected to be September 24, 2019.

NIO's full-year Zacks Consensus Estimates are calling for earnings of -$1.34 per share and revenue of $1.79 billion. These results would represent year-over-year changes of +65.64% and +148.83%, respectively.

Investors might also notice recent changes to analyst estimates for NIO. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. NIO is currently a Zacks Rank #3 (Hold).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 229, which puts it in the bottom 11% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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