Nio Inc ADR Down 3.11% To $18.27 After Earnings Meet

Nio Inc - ADR (NIO) missed earnings estimates for Q1 2022 this morning.

The consensus among analysts for Nio Inc ADR was for an earnings per share (EPS) loss of $0.13 per share. The firm failed to meet those projections, reporting an EPS loss of $0.13 per share, a neutral surprise of $0. Profits fell 225% year-over-year after reporting an EPS loss of $0.04 per share in its year-ago quarter. The negative growth rate signals that the Consumer Cyclical company isn't performing well amid current economic conditions.

Revenues were upbeat at $1.6 billion. That is an increase of 28.33% in revenues from the year-ago report and is 4.90% higher than consensus estimates set at $1.5 billion.

The stock is down 3.11% to $18.27 after the report.

Nio Inc ADR's earnings expanded faster than revenues, signaling widening profit margins.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Nio Inc ADR has performed a little below average during the past few months. Before the report, Nio Inc ADR received a Long-Term Technical Rank by InvestorsObserver of 37, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $11.67 on May 12, 2022 and set a 52-week high on July 1, 2021 at $55.13.

NIO Inc operates in China's premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Its model includes EP9 supercar, ES8, ES6, and EC6 followed by ET7 and ET6 The company sells vehicles through its own sales network, including NIO Houses, NIO Spaces, and their mobile application. The majority of the revenue is earned from selling vehicles.