GXO Logistics Inc reports results for the quarter ended in June - Earnings Summary

GXO Logistics

06/08/2024 12:50

* GXO Logistics Inc  GXO.N  reported quarterly adjusted
earnings
of 55 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 70 cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 54 cents per share. Wall Street
expected results to range from 43 cents to 61 cents per share.
    * Revenue rose 18.9% to $2.85 billion from a year ago;
analysts
expected $2.73 billion. 
    * GXO Logistics Inc's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of $38 million.
    * GXO Logistics Inc shares had fallen by 2.3% this
quarter and
lost 19.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the courier,
postal,
air freight & land-based logistics peer group is also "buy"

Wall Street's median 12-month price target for GXO Logistics Inc
is $71.00 
This summary was machine generated from LSEG data August 6 at
11:50 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.54           0.55           Beat
 Mar. 31 2024      0.43           0.45           Beat
 Dec. 31 2023      0.69           0.70           Beat
 Sep. 30 2023      0.66           0.69           Beat