FMP
Jun 6, 2024 5:17 PM - Davit Kirakosyan
NIO (NYSE:NIO) experienced a nearly 6% intra-day decline in shares today following the release of its first-quarter results, which fell short of expectations.
The Chinese electric vehicle manufacturer reported a quarterly loss per share of RMB2.39, which was more significant than the anticipated loss of RMB2.20 per share. Additionally, the company's revenue for the quarter was RMB9.91 billion, missing the Street estimate of RMB10.43 billion.
NIO's vehicle deliveries for the first quarter totaled 30,053, marking a 3.2% decrease compared to the previous year and falling short of the expected 31,467 units.
Despite these setbacks, the company's gross margin improved significantly, rising to 4.9% from 1.5% year-over-year, and exceeding the projected 4.75%.
Looking ahead to the Q2/24, management anticipates vehicle deliveries to range between 54,000 and 56,000 units. This represents a substantial increase of approximately 129.6% to 138.1% compared to the same period in 2023 and surpasses the estimated 41,310 units.
Total revenues for the second quarter are expected to be between RMB16.587 billion and RMB17.135 billion, reflecting an increase of approximately 89.1% to 95.3% from the same quarter in 2023, and exceeding the Street projection of RMB14.38 billion.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...