Nio Q4 Earnings Preview: What Investors Should Watch As Shares Near 52-Week Lows
Electric vehicle company Nio Inc – ADR (NYSE:NIO) will report fourth-quarter financial results before market open Tuesday, March 5.
Here’s a look at the key earnings estimates, analyst ratings and key items to watch.
Earnings Estimates: Nio beat earnings per share estimates for the third quarter while missing revenue estimates from analysts according to data from Benzinga Pro.
Analysts saw the company posting a loss of 55 cents per share and revenue of $2.34 billion in the fourth quarter.
The company reported revenue of $2.33 billion in the fourth quarter of the prior year and revenue of $2.61 billion in the most recent third quarter. Estimates from analysts saw the company posting a small year-over-year increase in revenue, but a figure down sequentially. The company missed revenue estimates from analysts in the last two straight quarters.
Nio reported a loss of 44 cents per share in the fourth quarter of the previous year.
Guidance …
Full story available on Benzinga.com
