GXO Logistics Inc expected to post earnings of 43 cents a share - Earnings Preview

GXO Logistics

03/05/2024 23:14

* GXO Logistics Inc  GXO.N   GXO  is expected to show a rise
in
quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The Greenwich Connecticut-based  company is expected to
report a
2.2% increase in revenue to $2.375 billion from $2.32 billion a
year ago, according to the mean estimate from 11 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for GXO Logistics Inc is for
earnings of 43 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months. ​
    * Wall Street's median 12-month price target for GXO
Logistics Inc
is $74.00​, above​ its last closing price of $50.27. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.68        0.69       0.70      Beat    2.2
 Sep. 30 0001  0.66        0.66       0.69      Beat    5.1
 Jun. 30 2023  0.61        0.61       0.70      Beat    13.9​
 Mar. 31 2023  0.44        0.43       0.49      Beat    13.7
 ​​Dec.        0.75        0.75       0.83      Beat    11.3
 31 2022                                                
 Sep. 30 2022  0.70        0.69       0.75      Beat    8​
 Jun. 30 2022  0.63        0.52       0.68      Beat    11.7
 Jan. 1 0001   0.53        0.52       0.59      Beat    14.3
 This summary was machine generated May 3 at 22:13 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)