NIO-SW (09866) shares are soaring intraday on Monday, registering a significant 6.03% increase as investors eagerly await the company's quarterly earnings report scheduled for release tomorrow. The surge in stock price reflects growing optimism and heightened market attention surrounding the electric vehicle maker's financial performance.
Market sentiment has notably shifted from concerns about NIO's survival to speculation about when the company will achieve real profitability. This upcoming earnings report is viewed as a critical inflection point that could potentially reshape market perceptions and drive a repricing of NIO's stock. Investors are keenly focused on whether the report will paint a positive picture for the company's full-year performance.
According to Bloomberg consensus estimates, NIO is expected to report Q2 revenue of 19.96 billion RMB, representing a year-over-year growth of 14.4%. The company's earlier guidance projected Q2 vehicle deliveries between 72,000 and 75,000, indicating robust year-over-year growth of 25.5% to 30.7%. While an adjusted EPS loss of 2.17 RMB is anticipated, the strong revenue growth and delivery numbers appear to be fueling investor optimism, contributing to today's stock surge.