NIO Inc. (NIO) Outperforms Broader Market: What You Need to Know

Company Performance - NIO Inc. stock closed at $4.26, reflecting a +1.19% increase compared to the previous day, outperforming the S&P 500's gain of 1.04% [1] - Over the past month, NIO shares have increased by 2.68%, contrasting with the Auto-Tires-Trucks sector's decline of 8.3% and the S&P 500's rise of 3.92% [1] Earnings Expectations - NIO Inc. is expected to report an EPS of -$0.40, which represents an 11.11% increase compared to the same quarter last year [2] - Revenue is anticipated to be $2.85 billion, indicating an 18.31% increase year-over-year [2] Analyst Estimates - Recent modifications to analyst estimates for NIO Inc. reflect changing short-term business dynamics, with upward revisions indicating analysts' positive outlook on the company's operations and profit generation capabilities [3] - The Zacks Consensus EPS estimate has increased by 0.6% over the past month [5] Zacks Rank and Industry Context - NIO Inc. currently holds a Zacks Rank of 3 (Hold), which is part of a proprietary model that considers estimate changes to provide actionable ratings [5] - The Automotive - Foreign industry, which includes NIO, has a Zacks Industry Rank of 172, placing it in the bottom 32% of over 250 industries [6]