NIO Inc. (NIO) Tops Q1 EPS by 12c, Offers Q2 Guidance

NIO Inc. (NYSE: NIO) reported Q1 EPS of ($0.04), $0.12 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.02 billion.

• Deliveries of vehicles were 20,060 in the first quarter of 2021, including 4,516 ES8s, 8,088 ES6s and 7,456 EC6s, representing an increase of 422.7% from the first quarter of 2020 and an increase of 15.6% from the fourth quarter of 2020.

GUIDANCE:

NIO Inc. sees Q2 2021 revenue of $1.243-1.298 billion, versus the consensus of $1.21 billion.

• Deliveries of the vehicles to be between 21,000 and 22,000 vehicles, representing an increase of approximately 103% to 113% from the same quarter of 2020, and an increase of approximately 5% to 10% from the first quarter of 2021.
• Total revenues to be between RMB 8,146.1 million (US$1,243.3 million) and RMB8,504.5 million (US$1,298.0 million), representing an increase of approximately 119.0% to 128.7% from the same quarter of 2020, and an increase of approximately 2.1% to 6.5% from the first quarter of 2021.

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

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