NIO First Quarter 2024 Earnings: Misses Expectations

Simply Wall St

June 08, 2024

NIO (NYSE:NIO) First Quarter 2024 Results

Key Financial Results

Revenue: CN¥9.91b (down 7.2% from 1Q 2023).
Net loss: CN¥5.26b (loss widened by 9.5% from 1Q 2023).
CN¥2.57 loss per share.

earnings-and-revenue-growth — NYSE:NIO Earnings and Revenue Growth June 8th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

NIO Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in the US.

Performance of the American Auto industry.

The company's shares are down 10% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for NIO you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.