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Earnings Season: Mooers' Discussion
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Popular on moomoo joined discussion · Aug 7, 2020 04:06

Earnings Preview: NIO Deliveries Incresed, WKHS New C-Series Approved

Earnings season continues.

Listen to earnings call while trading on moomoo! Our two main characters of next week's earnings call moomoo will access to are EV makers $NIO Inc(NIO.US)$ and $Workhorse(WKHS.US)$ , as most of the moomooers wish. Remeber to follow @moo_Live to get updated.

What to expect on NIO Q2 earnings?
Earnings Preview: NIO Deliveries Incresed, WKHS New C-Series Approved
$NIO Inc(NIO.US)$ is slated to release its second-quarter 2020 unaudited financial results on Tuesday, August 11, before the opening bell. The earnings call is scheduled at 8 AM (EST)/5 AM (PST).

Nio share recently hit an all-time high and have subsequently pulled back, were trading higher Monday after the Chinese EV maker reported July deliveries that increased over 300% from last year but slipped 5.4% from a month ago. 

During the quarter, the company secured around $1 billion in new financing from China’s economic development authorities, which shored up its cash balance. In June, China-based internet behemoth $TENCENT(00700.HK)$ increased stake in NIO to 15.1%. Cash infusion from investors and increasing efforts to expand the company’s sales network started to yield benefits. These factors are instilling confidence on the stock and are likely to reflect positively on its second-quarter results.

However, the company has been bearing the brunt of operational inefficiency over the last several quarters. While rising deliveries are expected to have positively impacted NIO’s revenues, escalating R&D as well as SG&A costs are likely to have dented operating margins. 

What to expect on Workhorse Q2 earnings?
Earnings Preview: NIO Deliveries Incresed, WKHS New C-Series Approved
$Workhorse(WKHS.US)$ is slated to release second-quarter 2020 results on Monday, Aug 10, before the opening bell, and a earnings call is scheduled following the results at ! 10 AM (EST)/7 AM (PST)).

Workhorse posted better-than-expected results in the last reported quarter.
1 analyst estimates losses of $0.090 per share as opposed to losses of $0.180 per share in the same quarter of the previous year.
Wall Street is expecting the company to report $0.6 million, an increase of 276.47% over the prior year quarter.

Workhorse's new C-Series delivery vans received a federal approval for sales in the United States during the to-be-reported quarter. These C-series vans are designed for last mile service for delivering packages or cargo to final destinations. 

 Increasing demand for green vehicles amid favorable government policies and climate change concerns bodes well for the firm’s revenues. Nonetheless, high cost of goods sold due to elevated tooling costs for the C-Series production is anticipated to have dented gross profits. Also, the market leader, first mover and only U.S. pure play OEM in medium-duty electrification has been incurring elevated SG&A and R&D costs, which are expected to have ailed operating margins.

Tell us which company's earnings call you would like to listen by leaving comment below, @moo_Live will put it into consideration. Thanks for your ideas in advance.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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