Chinese electric vehicle maker Nio (NYSE:NIO) is expected to post robust top and bottom-line performances during its first quarter results scheduled for Tuesday, June 3, before markets open.
The automaker’s losses per share are projected to go down by about 12% year-on-year to -$0.37 whereas the revenue is likely to come in at $1.73B, a 26.3% jump compared to the corresponding quarter a year ago.
Seeking Alpha analyst Juxtaposed Ideas expects a healthy Q1 print on the back of a 40% YY jump in its Q! vehicle deliveries, which stood at 42,094 vehicles and its mass-market ONVO brand gaining momentum.
Furthermore, they expect the management to guide strongly for the second quarter driven by the Firefly deliveries commencing from late April 2025 onwards.
“With NIO now offering a well-diversified EV offerings across the budget/ mass-market/ premium segments, we believe that its prospects look even brighter now, allowing them to compete with BYDDF domestically and internationally,” they said.
Going forward, they see the firm’s bottom line improving in the second half of the year with NIO dialing back on its current sales and marketing activities related to its new ONVO and Firefly launches.
Over the last 2 years, NIO has beaten EPS estimates 50% of the time and has beaten revenue estimates 25% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 3 downward moves while revenue estimates have seen no upward revisions and 4 downward adjustments.
Nio’s shares have declined more than 19% in the year so far while it has plunged over 34% in the past year.