NIO Q3 2022 Earnings Preview - Betting the % change in closing after-hours price to win!

Place your Bet on NIO's percentage（U.S.Markets）change in closing after-hours price (e.g.+3%) of November 10 ET by 7:00 PM, November 10 ET. The mooer with the closest bet will win 300 points!

The 10th, 20th, 30th, 40th and so on mooers to comment will get 30 points.

NIO's Q3 FY22 Earnings Conference Call is to be hosted on November 10 ET, before the U.S. markets open! The consensus estimate for revenue is expected at $1.81 billion, indicating a nearly 32.98% YoY growth. The EPS is estimated at minus $1.138 for this quarter.

NIO is usually the last player to announce quarterly results, whereas this time, NIO chooses to be ahead of its two rivals. Recently, NIO reported 31,607 deliveries of its electric models in Q3 2022, up 29.33% from the same period last year. However, NIO's October deliveries were a slight dip from last month, at 10,059 deliveries. Investors shall watch closely whether it's an early sign of what’s to come in the Chinese EV market.

The EV market seems to be still quite promising. According to the International Council on Clean Transportation, China remains the top market for electric vehicles despite surging EV sales in the EU, with approximately 24% EV share of the auto market in Q3. Whereas automakers and startups, like AITO, Li Auto, Xpeng, and Geely, are fighting NIO fiercely for market share, along with inflation, geopolitical tension, and regulation uncertainty pressures.

Earnings growth will be in focus when the global economic backdrop has been rocky this year. The upcoming earnings results might offer more information and create more trading opportunities!

Rewarding points will be distributed within 5-7 working days after the results are announced.

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