**NIO Inc. (NIO)** has seen a decline of **-16.6%** in share value over the past month, contrasting with the **Zacks S&P 500 composite**, which fell **-0.4%**. The company is ranked within the **Zacks Automotive – Foreign** industry, which reported a loss of **11.3%** in the same time frame.
For the current fiscal year, NIO’s consensus earnings estimate stands at **-$1.41** per share, reflecting a **19.4%** increase from the prior year, while the upcoming quarter is projected to show a loss of **-$0.46** per share, indicating a **9.8%** change year-over-year. The current quarter’s consensus sales estimate is **$2.35 billion**, representing a **94.5%** annual increase.
NIO’s most recent quarterly earnings report showed revenues of **$1.37 billion**, down **11.7%** year-over-year, and missed the consensus estimate of **$1.48 billion** by **7.42%**. The company holds a **Zacks Rank #3 (Hold)**, suggesting it may perform in line with the broader market in the near term.
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