GXO Logistics Inc reports results for the quarter ended in September 30 - Earnings Summary

GXO Logistics

05/11/2024 07:46

* GXO Logistics Inc  GXO.N  reported quarterly adjusted
earnings
of 79 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 69 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 75 cents
per share. Wall Street expected results to range from 52 cents
to 83 cents per share.
    * Revenue rose 27.8% to $3.16 billion from a year ago;
analysts
expected $3.01 billion. 
    * GXO Logistics Inc's reported EPS for the quarter was 28
cents​.
    * The company reported quarterly net income of $33 million.
    * GXO Logistics Inc shares had risen by 12.5% this
quarter and
lost 4.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "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 $68.00 
This summary was machine generated from LSEG data November 5 at
07:46 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
 Sep. 30 2024      0.75           0.79           Beat
 Jun. 30 2024      0.54           0.45           Missed
 Mar. 31 2024      0.43           0.45           Beat
 Dec. 31 2023      0.69           0.70           Beat