Summary
- Wall Street expects Nio’s revenue for the second quarter to be RMB 17.385 billion, exceeding the upper end of the company’s guidance range
- Nio is expected to report its financial results for Q2 2024 soon, analysts are focusing on comparisons to expectations rather than year-on-year growth
- Nio delivered a record 57,373 vehicles in the second quarter, beating guidance and representing a significant increase from the previous year
- The company is expected to report a net loss attributable to ordinary shareholders of RMB 5.057 billion for the second quarter
- Wall Street expects Nio’s gross margin to be 8.736 percent in Q2, up from 4.922 percent in the previous quarter
Article
Wall Street analysts expect Nio to report revenue of RMB 17.385 billion in the second quarter, exceeding the company’s guidance range as deliveries surpassed expectations. Nio is set to release its financial results for Q2 2024, with comparisons to expectations being crucial for assessing financial performance in the stock market. Exceeding expectations in earnings reports typically leads to an increase in a company’s stock price, while falling short can result in a decline.
In a recent Bloomberg survey, analysts predicted Nio’s Q2 revenue to be RMB 17.385 billion, higher than the upper end of the company’s guidance range. The EV maker had initially forecasted revenue between RMB 16.59 billion and RMB 17.14 billion for the second quarter, marking a significant growth rate compared to the same period in 2023. Nio’s delivery of a record 57,373 vehicles in Q2 surpassed the guidance range of 54,000 to 56,000 vehicles, demonstrating strong year-on-year and quarter-on-quarter growth.
Despite missing revenue expectations in Q1, Nio is expected to report a net loss attributable to ordinary shareholders of RMB 5.057 billion in the second quarter. The company’s operating loss for Q2 is projected to be RMB 4.861 billion, an improvement from the previous quarter. Wall Street expects Nio’s gross margin to increase to 8.736 percent in Q2 from 4.922 percent in Q1, indicating potential operational improvements for the EV maker.
Nio’s performance in the second quarter is closely watched by investors and analysts, with anticipation for the company’s financial results driving market sentiment. The company’s consistent delivery of over 20,000 vehicles per month for the fourth consecutive month in August reflects strong demand for its electric vehicles. The EV industry’s growth and Nio’s competitive positioning in the market contribute to investor expectations and market dynamics surrounding the company.
Overall, Nio’s upcoming Q2 financial results are expected to demonstrate strong revenue growth and operational improvements compared to previous quarters. The company’s ability to exceed delivery projections and generate revenue above guidance ranges showcases its market performance and potential for future growth. Wall Street’s projections for Nio’s financial metrics, including net loss and gross margin, indicate investor sentiment and market sentiment towards the EV maker. The ongoing developments in the EV industry, Nio’s product offerings, and market conditions will continue to influence the company’s performance and investor attitudes in the near term.
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