Nio (NYSE:NIO) is finally confirmed to report earnings on December 30. Nio's management team will also host an earnings conference call at 7:00 AM Eastern time (8:00 PM Beijing/Hong Kong time) on that date. Nio cruises into its earnings date with shares up more than 40% over the last 90 days to $2.50, but still trading far below the post-IPO high of $10.64. "NIO's balance sheet implies serious liquidity risk," observes Sanford Bernstein analyst Robin Zhu ahead of the print. "The key will be whether they are able to announce major new financing," he adds.
Also in the earnings confessional next week, Resources Connection (NASDAQ:RECN) on January 2, as well as both Lamb Weston (NYSE:LW) and Landec (NASDAQ:LNDC) on January 3.
Monday: November Advance International Trade in Goods (prior -$66.50 bln), November Advance Retail Inventories (prior 0.3%), November Advance Wholesale Inventories (prior 0.2%) at 8:30 ET; December Chicago PMI (prior 46.3) at 9:45 ET; and November Pending Home Sales (prior -1.7%) at 10:00 ET
Tuesday: October S&P Case-Shiller Home Price Index (prior 2.1%) and October FHFA Housing Price Index (prior 0.6%) at 9:00 ET; and December Consumer Confidence (prior 125.5) at 10:00 ET. Bond market to close at 14:00 ET
Wednesday: Bond and equity markets closed for New Year's Day
Thursday: Weekly Initial Claims (prior 222,000) and Continuing Claims (prior 1.719 mln) at 8:30 ET
Friday: November Construction Spending (prior -0.8%) and December ISM Manufacturing Index (prior 48.1) at 10:00 ET; weekly natural gas inventories (prior -161 bcf) at 10:30 ET; and weekly crude oil inventories (prior -5.5 mln) at 11:00 ET
No comments:
Post a Comment