NIO Inc reports results for the quarter ended June 30 - Earnings Summary

• NIO Inc NIO reported a quarterly adjusted loss of CNY1.85​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of CNY-2.21. The mean expectation of seven analysts for the quarter was for a loss of CNY2.22 per share. Wall Street expected results to range from CNY-2.96 to CNY-1.66 per share.

• Revenue rose 9% to CNY19.01 billion from a year ago; analysts expected CNY19.92 billion.

• NIO Inc's reported EPS for the quarter was a loss of CNY2.31​.

• The company reported a quarterly loss of CNY5.14 billion.

• NIO Inc shares had risen by 86.0% this quarter and gained 46.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 11 "hold" and 1 "sell" or "strong sell."

• Wall Street's median 12-month price target for NIO Inc is $4.95, about 28.9% below its last closing price of $6.38

This summary was machine generated from LSEG data September 2 at 01:30 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)