NIO Inc. (NIO) Gains, Market Lags: Key Takeaways

NIO Inc. (NIO) closed at $7.52, up 1.08% from the previous day, but lagged behind the overall market gains. The company's shares have seen a decrease of 17.7% over the last month, not keeping up with the Auto-Tires-Trucks sector's loss of 9.27% and the S&P 500's loss of 3.58%. Analysts expect NIO Inc. to post earnings of -$0.43 per share in its upcoming release, a year-over-year decline of 19.44%. The Zacks Consensus Estimates predict earnings of -$1.79 per share and a revenue of $8.59 billion for the entire fiscal year, indicating changes of -38.76% and +18.34%, respectively, from the previous year. NIO Inc. currently holds a Zacks Rank of #4 (Sell).