NIO (NIO) is scheduled to announce Q3 earnings results on Tuesday, November 25th, before market open.
The consensus EPS Estimate is -$0.22 (+29.0% Y/Y) and the consensus revenue estimate is $3.14B (+18.0% Y/Y).
Over the last 2 years, NIO has beaten EPS estimates 38% of the time and has beaten revenue estimates 25% of the time.
Over the last 3 months, EPS estimates have seen 2 upward revisions and 1 downward. Revenue estimates have seen 0 upward revisions and 5 downward.
Revenue grew 9% Y/Y in Q2 to US$2,653.5 million, led by solid vehicle deliveries that grew 25.6%. The bottom-line arrived at negative $0.32 in diluted EPS, a progress versus negative $0.35 in the same quarter last year, but $0.03 below analysts’ expectations.
For Q3, the EV maker anticipates deliveries between 87,000 and 91,000 and revenue of US$3,045 million and US$3,193 million, representing an increase of ~16.8% to 22.5% from the same quarter of 2024.
“NIO benefits from double-digit revenue growth, improving margins, cost reductions, and government support, while expanding in Europe and advancing autonomous driving,” Seeking Alpha analyst The J Thesis said. However, the analyst points to certain challenges, including ongoing unprofitability, intense competition, high capital needs, and the costly battery swap network, which may “pressure margins and cash flow.”
NIO ADRs have advanced 33% year-to-date and are rated Buy by Wall Street analysts.