GXO Logistics Inc GXO.N reported quarterly adjusted earnings of 57 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 54 cents per share. Wall Street expected results to range from 47 cents to 65 cents per share.
Revenue rose 15.9% to $3.30 billion from a year ago; analysts expected $3.10 billion.
GXO Logistics Inc's reported EPS for the quarter was 23 cents.
The company reported quarterly net income of $26 million.
GXO Logistics Inc shares had fallen by 0.5% this quarter and gained 11.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 7.8% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 4 "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 $58.00, about 15.6% above its last closing price of $48.98
This summary was machine generated from LSEG data August 5 at 10:46 p.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)