Stock Analysis

NIO Third Quarter 2023 Earnings: Misses Expectations

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NYSE:NIO
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NIO (NYSE:NIO) Third Quarter 2023 Results

Key Financial Results

  • Revenue: CN¥19.1b (up 47% from 3Q 2022).
  • Net loss: CN¥4.63b (loss widened by 12% from 3Q 2022).
  • CN¥2.67 loss per share (further deteriorated from CN¥2.53 loss in 3Q 2022).
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NYSE:NIO Earnings and Revenue Growth December 6th 2023

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 1.7%. Earnings per share (EPS) also missed analyst estimates by 59%.

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto industry in the US.

Performance of the American Auto industry.

The company's shares are up 3.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for NIO that you should be aware of.

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