NIO Inc. (NIO) Misses Q4 EPS by 7c, Offers Q1 Guidance

NIO Inc. (NYSE: NIO) reported Q4 EPS of ($0.14), $0.07 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.01 billion.

• Deliveries of vehicles were 17,353 in the fourth quarter of 2020, including 4,873 ES8s, 7,574 ES6s and 4,906 EC6s, compared with 8,224 in the fourth quarter of 2019 and 12,206 vehicles delivered in the third quarter of 2020.

GUIDANCE:

NIO Inc. sees Q1 2021 revenue of $1131-1158 million, versus the consensus of $718 million.

• Deliveries of the vehicles to be between 20,000 and 20,500 vehicles, representing an increase of approximately 421% to 434% from the same quarter of 2020, and an increase of approximately 15% to 18% from the fourth quarter of 2020.
• Total revenues to be between RMB7,382.3 million (US$1,131.4 million) and RMB7,557.2 million (US$1,158.2 million), representing an increase of approximately 438.1% to 450.8% from the same quarter of 2020, and an increase of approximately 11.2% to 13.8% from the fourth quarter of 2020.

For earnings history and earnings-related data on NIO Inc. (NIO) click here.

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