NIO Q3 2023 Earnings Preview: Grab rewards by guessing the closing price!
$NIO Inc(NIO.US$ is releasing its Q3 2023 earnings on December 5 before the bell.
How will the market react to the company's quarterly results? Vote your answer to participate!
Rewards
● An equal share of 1,000 points: For mooers who correctly guess the price range of $NIO Inc(NIO.US$'s opening price at 16:00 PM ET December 5 (e.g., If 50 mooers make a correct guess, each of them will get 20 points.)
(Vote will close on 12:00 noon ET Dec 5)
● Exclusive 300 points: For the writer of the top post on analyzing NIO's earnings prospects.
Note:
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
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小trader : The potential impact on Nio's gross profit margin in the upcoming quarter due to increasing selling, general, and administrative expenses is a matter of concern. However, optimism lies in the company's strategic initiatives, which is anticipated to contribute to long-term growth in sales and Return on Investment (ROI).
In the last earnings call, Nio set an ambitious target of 20,000 vehicles per month for the fourth quarter. It's crucial to assess progress in reducing the order backlog, a key factor causing customer cancellations in favor of other producers. A swift resolution of this issue could instill positive momentum in the stock's price, which is eagerly awaited by investors.
9453哈門 : Pure guesswork
102332870 : The leaks already said gross profit margin increase significantly from Q2. Hope the loss is within range or better
102362254 : NIO anticipates a reduced but still significant loss in Q3 2023 after suffering RMB 5.23 billion in Q2 2023 and RMB 2.52 billion in Q3 2022, primarily due to high R&D and interest costs.
They secured $1 billion through senior bonds in Sep 2023. Challenges in Q4 2023 include a chip shortage, tough EV market, and holiday demand. Tough competition from Tesla, Li Auto, and Xpeng might strain NIO despite expected strong Q3 2023 performance.
The Q3 earnings report could be pivotal for NIO's momentum amid struggles for consistent profits and growth.
mr_cashcow : Unaudited NIO Q3 2023 Financial Results
Vehicle deliveries were 55,432 in Q3 of 2023, consisting of 37,585 premium smart electric SUVs and 17,847 premium smart electric sedans, representing an increase of 75.4% from the Q3 of 2022, and an increase of 135.7% from the Q2 of 2023
Vehicle sales were US$2,386.1 million in the Q3 of 2023, representing an increase of 45.9% from the Q3 of 2022 and an increase of 142.3% from the Q2 of 2023
Vehicle margin was 11.0% in the Q3 of 2023, compared with 16.4% in Q3 of 2022 and 6.2% in the Q2 of 2023
Total revenues were US$2,613.3 million in the Q3 of 2023, representing an increase of 46.6% from the Q3 of 2022 and an increase of 117.4 % from the Q2 of 2023
Gross profit was US$208.8 million in the Q3 of 2023, representing a decrease of 12.2% from the Q3 of 2022
Gross margin was 8.0% in the Q3 of 2023, compared with 13.3% in the Q3 of 2022
Loss from operations was US$663.9 million in the third quarter of 2023
Net loss was US$624.6 million in the Q3 of 2023
Cash and cash equivalents, restricted cash, short-term investment and long-term time deposits were US$6.2 billion as of September 30, 2023
Sauce: Yahoo finance
SgDavidC : There should an increase in price but may not high. The company is still making a loss and the deliveries has not improved significantly.