NIO Stock Up Ahead of Earnings Despite Lagging Broader Market
• NIO Inc. (NIO) stock closed higher but underperformed the broader market in the latest trading session
• NIO is set to announce earnings on March 5, 2024, with analysts expecting an EPS of -$0.51 and revenue of $2.29 billion
• Recent positive revisions to analyst estimates for NIO signify optimism about the company's business and profitability
• NIO currently has a Zacks Rank of #2 (Buy), indicating it is expected to outperform the market
• The Automotive - Foreign industry ranks in the top 24% of Zacks industries, with the top 50% outperforming the bottom half historically