RXO Inc expected to post a loss of 4 cents a share - Earnings Preview

RXO

30/04/2024 16:20

* RXO Inc  RXO.N   RXO  is expected to show a fall in
quarterly
revenue when it reports  results on May 2 for the period ending
March 31 2024
    * The Charlotte North Carolina-based  company is expected to
report a 8.0% decrease in revenue to $929.48 million from $1.01
billion a year ago, according to the mean estimate from 12
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for RXO Inc is for a loss
of 4
cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 9
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for RXO Inc is
$21.00​, above​ its last closing price of $19.39. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.04        0.04       0.06      Beat    51.2
 Sep. 30 2023  0.01        0.01       0.05      Beat    406.6
 Jun. 30 2023  0.08        0.08       0.08      Met     -2.4​
 Jan. 1 0001   0.07        0.07       0.11      Beat    59.6
 ​​Dec.        0.22        0.23       0.28      Beat    20.8
 31 2022                                                
 Sep. 30 2022              0.24                         ​
 This summary was machine generated April 30 at 15:20 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)