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

RXO

07/08/2024 14:32

* RXO Inc  RXO.N  reported quarterly adjusted earnings of 3
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 8
cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of 2 cents per share. Wall Street
expected results to range from -1 cents to 4 cents per share.
    * Revenue fell 3.4% to $930.00 million from a year ago;
analysts
expected $934.15 million. 
    * RXO Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $7 million.
    * RXO Inc shares had risen by 14.1% this quarter and
gained 28.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 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 $25.00
This summary was machine generated from LSEG data August 7 at
01:32 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
 Jun. 30 2024      0.02           0.03           Beat
 Mar. 31 2024      -0.04          -0.03          Beat
 Dec. 31 2023      0.04           0.06           Beat
 Sep. 30 2023      0.01           0.05           Beat