There are 25 analyst ratings on Nio’s stock, and 21 of those are Buy or Strong Buy. At a share price of around $20.95, the upside potential based on a median price target of $53.70 is about 156%. At the high target of $88.01, the upside potential is 320%.
For the fourth quarter, the consensus estimates call for revenue of $1.547 billion, up 1.5% sequentially and 51% year over year. Nio is expected to post an adjusted loss per share of $0.12, worse than the $0.06 per-share loss in the prior quarter but better than the year-ago loss of $0.14 per share. For the full year, the company is expected to report a per-share loss of $0.30, better than the $0.66 loss last year, on sales of $5.67 billion, up about 128%.
Analysts estimate that Nio will trade at a multiple of 91.4 times earnings in 2023. Until then, it is not expected to post a profit. The enterprise value-to-sales multiple is expected to be 5.3 in 2021 and 3.0 in 2022. The stock’s 52-week range is $18.47 to $55.13. The company does not pay a dividend. Total shareholder return for the past year is negative 54.3%.
Shares of department store operator Nordstrom Inc. (NYSE: JWN) have dumped about 44% of their value over the past 12 months. Since the beginning of the year, however, the shares have lost only about 8%. Investors are going to want to hear that the company’s e-commerce business, which accounts for about 40% of sales, is growing and that inventories are not swollen with unsold winter goods.
Analysts are cautious on the stock. Of 21 brokerages covering it, 13 rate the shares at Hold while only two have a Buy or Strong Buy rating. At a share price of around $20.90, the upside potential based on a median price target of $23.00 is 10%. At the high price target of $41.00, the upside potential is 96%.
Fourth-quarter revenue is forecast at $4.32 billion, up nearly 20% sequentially and 19.5% year over year. Adjusted EPS are forecast at $1.03, up 165% sequentially and 178% year over year. For the full 2022 fiscal year that ended in January, analysts expect Nordstrom to report EPS of $1.29, compared to a loss of $3.17 a year ago, on sales of $14.67 billion, up 37% year over year.
Nordstrom stock trades at 16.2 times expected 2022 EPS, 10.5 times estimated 2023 earnings of $1.99 and 8.7 times estimated 2024 earnings of $2.39 per share. The stock’s 52-week range is $18.65 to $46.45. Nordstrom does not pay a dividend. Total shareholder return for the past year is negative 42.7%.
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Shares of enterprise software maker Salesforce.com Inc. (NYSE: CRM) have struggled over the past 12 months, particularly since early November. The stock has lost about 33% of its value since then. The Dow Jones industrial average component’s outlook will figure significantly in how investors react to the report.
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