NIO Shares Drop 2.5% as Q1 Revenue Projected at $4.61B
Shares of NIO fell 2.48% on March 5, underperforming major indexes while rising 9.01% over the past month relative to sector and S&P 500 declines. The company is set to report March quarter results on March 10, with EPS forecast at -$0.05 and revenue expected at $4.61 billion.
1. Daily Performance
Shares of NIO fell 2.48% on March 5, underperforming the S&P 500's 0.57% decline, the Dow's 1.61% drop and the Nasdaq's 0.26% loss.
2. Monthly Performance
Over the past month, NIO shares gained 9.01%, while the Auto-Tires-Trucks sector fell 1.59% and the S&P 500 dropped 0.15%, reflecting stronger investor sentiment toward NIO relative to its peers.
3. Upcoming Quarterly Results
NIO is scheduled to report first-quarter earnings on March 10, with analyst estimates forecasting an EPS loss of $0.05 and revenues of $4.61 billion, representing year-over-year increases of 89.4% in EPS and 70.9% in revenue.