NIO Stock Outperforms Broad Market But Trails Auto Sector Ahead of Q3 Earnings
• NIO stock outperformed the S&P 500 and Dow in recent trading, though it lagged Auto-Tires-Trucks over the past month
• NIO is expected to report earnings on December 5th, with a forecast loss per share of $0.43 on revenue of $2.63 billion
• For the full year, forecasts call for a loss per share of $1.79 and revenue growth of 16.54%
• Recent analyst revisions for NIO estimates have been stagnant, though the stock holds a Zacks Rank #2 (Buy)
• The Automotive - Foreign industry ranks in the top 16% of Zacks industries, suggesting strong performance potential for stocks like NIO