Is nio expected to beat earnings on Nov 20 2024

NIO is not expected to beat earnings on November 20, 2024. Here's why:

1. Earnings Estimates: The consensus for NIO's earnings per share (EPS) in the upcoming report is -$0.32, which would represent a year-over-year growth of +13.5%. This indicates that analysts do not expect NIO to post a profit in the third quarter of 2024.

2. Revenue Expectations: The estimated revenue for the same period is $2.7 billion, which is a 3.41% increase from the previous year. While this suggests a positive outlook on NIO's sales, it does not indicate a significant beat on earnings.
3. Historical Performance: NIO's stock has experienced a significant decline of 18.43% over the past month. This underperformance could be indicative of market expectations not meeting the company's delivery numbers and market momentum.
4. Market Sentiment: Recent news articles suggest that NIO's stock has been trending downwards, with concerns over deliveries and market position. This sentiment could persist until the earnings report is released and its contents are digested by investors.
5. Analyst Confidence: The Zacks Consensus Estimate for NIO's EPS and revenue has remained unchanged over the last 30 days. This stability in estimates suggests that analysts do not see any significant upside surprises in the upcoming earnings report.

In conclusion, given the expected EPS and revenue figures, as well as the prevailing market sentiment, NIO is not anticipated to exceed earnings expectations on November 20, 2024.