NIO Stock Slips Despite Market Gains Ahead of Q4 Earnings Report
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NIO Inc. (NIO) stock fell 0.14% despite market gains. It has lagged the sector and S&P 500 over the past month.
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Analysts expect NIO's upcoming earnings report to show a year-over-year decline in EPS but rise in revenue.
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Estimates for full year EPS and revenue also reflect declines and growth respectively vs prior year.
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Recent estimate revisions have been stagnant, but NIO has a Zacks Rank #2 (Buy).
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The Automotive - Foreign industry ranks in the top 16% of Zacks Industries, suggesting strong outlook.