For the third quarter of fiscal 2022, the consensus estimates call for revenue of $1.79 billion, up about 14.5% sequentially and by 17.7% year over year. Nio is expected to post an adjusted loss per share of $0.16, flat sequentially, and better than the year-ago loss of $0.28 per share. For the full year, the company is expected to report a per-share loss of $0.60, better than the $1.00 loss in 2021, on sales of $7.85 billion, up about 45.6%.
Analysts estimate that Nio will not produce a profit in 2023. Neither the stock’s enterprise value nor its EPS estimates for the next three years is available. The stock’s 52-week range is $8.38 to $44.27. The company does not pay a dividend and the total shareholder return for the past year is negative 75.9%.
WeWork
Office space rental firm WeWork Inc. (NYSE: WE) has posted a share price decline of about 73% over the past 12 months. The 52-week low was registered last month, and the stock has added more than 30% since then.
WeWork has been a publicly traded company for just over a year, and its future depends to a large extent on how other companies plan to operate. There will be far less working from home than in the past two years, but will employers seek to rent space from WeWork or to haggle with their current landlords over rent payments? A so-called hybrid outcome, where employees work from home for some days and in the office for others, may be WeWork’s best hope.
Just six analysts cover the stock, and all but one have a Buy or Strong Buy rating. The sixth has a Hold rating on the stock. At a share price of around $2.60, the upside potential based on a median price target of $7.75 is nearly 200%. At the high target of $11.00, the implied gain is 323%.
Fiscal third-quarter revenue is forecast at $965.04 million, an increase of 6.1%. Analysts expect an adjusted loss per share of $0.44, down sequentially from a loss per share of $0.74. For the full 2022 fiscal year, the current revenue estimate is $3.36 billion, and the estimated per-share loss is $2.23.
WeWork is not expected to make a profit in 2022, 2023 or 2024. The stock trades at an enterprise value to sales multiple of 6.6 times for a 2022 valuation of $3.36 billion, as well as 5.3 times estimated 2023 valuation of $4.12 billion and 4.7 times estimated 2024 valuation of $4.69 billion. The stock’s 52-week range is $1.94 to $10.13. WeWork does not pay a dividend. Total shareholder return for the past year was negative 73.3%.
Originally published at 24/7 Wall St.
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