NIO
Stock Market Analysis

NIO Q1 Earnings: What To Expect

Tesla’s rival NIO reports its earnings for Q1 this week, here’s what investors can expect from the Chinese electric vehicle maker’s call. 

Wall Street is eagerly awaiting the earnings release from NIO (NYSE: NIO) on Thursday after rival Tesla’s (NASDAQ: TSLA) just reported a blowout quarter on Monday night. On April 1, NIO pre-released the company’s delivery numbers for the first quarter so investors have a good idea of what to expect for delivery growth. In the announcement, the Chinese-based company reported 20,060 EVs delivered during Q1, up 423% year-over-year.

NIO is one of the most heavily traded electric vehicle stocks on the market. This time last year, shares were classed as penny stocks as they traded for less than $5. Since then, NIO’s stock price has skyrocketed, reaching a 52-week high of $62.60 back in January. 

The stock has been volatile recently so NIO is hoping to turn things around by reporting strong earnings for the first quarter on Thursday.

When is NIO’s Q1 earnings date? 

NIO reports earnings for the first quarter of 2021 on Thursday, 29th of April at 5:00 pm Eastern Time.

How can I listen to NIO’s earnings call?

To listen to the call and to access the transcript, as well as the shareholder’s letter and the financial statements for the quarter, all you need to do is go to NIO’s investor relations page.

What to expect from NIO’s earnings

Here are a few things investors will be looking out for from NIO’s earnings call: 

Earnings and revenue growth: The consensus estimates on Wall Street expect to see a loss per share of $0.16 on revenue of $1.02 billion. In the same period last year, NIO recorded a loss per share of $0.36 on revenue of $243.1 million.

Strong forecast for deliveries: Looking forward, analysts estimate that NIO’s 2022 sales will rise by 75%, which would total $12.07 billion. So if we use a 10x revenue multiple, NIO stock would then be worth $120 billion, up roughly 77% from today’s market value of $67.52 billion. 

Discuss plans to combat chip shortages: Shareholders will be keen to hear the company discuss the global chip shortages the EV industry is facing. The car manufacturer is still facing supply chain challenges, so investors will also like to hear NIO’s plans on how it expects to meet its vehicle number targets with these issues.

Tesla competition: Another challenge NIO is facing is Tesla’s rising popularity in the Chinese market. In early April, the China Passenger Car Association’s data stated that Tesla delivered 69,280 vehicles in the region for Q1, whereas NIO only delivered just over 20,000 in the same period. China is a key market for NIO to dominate in as experts predict that EV sales will increase 50% in the region this year. 

Expansion into Europe: As competition heats up for NIO on its home turf in China, the U.S.-listed company announced earlier this month that it will enter the European market in the second half of 2021. Co-founder and president, Lihong Qin, said they will make an official announcement about the move within a month. Shareholders will likely press NIO for details on the announcement as the move would be highly profitable due to many EU countries enacting laws to ban gas-powered vehicle sales within the next 5 to 10 years. 

Read more about NIO below: 

NIO Stock Shakes Off Chip Shortages With Strong Deliveries

How Does NIO Make Money: Should I Invest In The ‘Chinese Tesla’?

Is NIO A Good Investment Right Now?

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Nicole Byrne
Nicole Byrne
Nicole is a writer here at MyWallSt. Her favorite stock is Etsy because she loves its original and handmade items. She believes people are going to stop buying mass-produced items and start purchasing ‘one of a kind’ fashions and furnishings. In a world of sameness, Etsy has the advantage.