NIO (NYSE:NIO) is scheduled to announce Q4 earnings results on Wednesday, March 1st, before market open.
The consensus EPS Estimate is -$0.23 (-43.8% Y/Y) and the consensus Revenue Estimate is $2.56B (+65.2% Y/Y).
All eyes will also be focused on the Shanghai-based automaker’s projections for 2023. Shares rallied at the start of 2022 but soon began to dip amid a slow reopen of China from covid lockdown and the end of subsidies for EV makers.
Mizuho holds a “cautiously optimistic” view for Nio in 2023, estimating strong deliveries and production as China continues reopening and production ramps up following a scheduled shutdown. Five new model launches and ramps in 2023 could also be tailwinds.
The automaker has plans to build a new factory to produce a new brand of budget EVs for export to Europe, according to a recent Reuters report.
Recent SA contributor analyses have also been positive, with Stone Fox Capital recently suggesting that although Nio (NIO) started the year off with weak deliveries in January, it should guide to improving numbers by Q2 2023.
Nio has continued its momentum into January and has delivery potential but, also faces short-term headwinds due to “growing pricing pressure in the EV industry” according to The Asian Investor.
Over the last 2 years, NIO has beaten EPS estimates 63% of the time and has beaten revenue estimates 88% of the time.