RXO Inc reports results for the quarter ended in January 1 - Earnings Summary

RXO

07/11/2024 14:47

* RXO Inc  RXO.N  reported quarterly adjusted earnings of 5
cents​​ per share for the quarter ended January 1, identical to
the same quarter last year.  The mean expectation of
eighteen analysts for the quarter was for earnings of 4 cents
per share. Wall Street expected results to range from 1 cents
to 6 cents per share.
    * Revenue rose 6.6% to $1.04 billion from a year ago;
analysts
expected $975.56 million. 
    * RXO Inc's reported EPS for the quarter was a loss of
$1.81​.
    * The company reported a quarterly loss of $243 million.
    * RXO Inc shares had risen by 13.9% this quarter and
gained 37.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.9%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 9
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the ground
freight &
logistics peer group is also "hold"

Wall Street's median 12-month price target for RXO Inc is 30.50 
This summary was machine generated from LSEG data November 7 at
02:47 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.04           0.05           Beat
 Jun. 30 2024      0.02           0.03           Beat
 Mar. 31 2024      -0.04          -0.03          Beat
 Dec. 31 2023      0.04           0.06           Beat