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

RXO

02/05/2024 22:09

* RXO Inc  RXO.N  reported a quarterly adjusted loss of 3
cents​​
per share for the quarter ended in March, lower than the same
quarter last year, when the company reported EPS of 11 cents. 
The mean expectation of sixteen analysts for the quarter was
for a loss of 4 cents per share. Wall Street expected results to
range from -7 cents to -1 cents per share.
    * Revenue fell 9.6% to $913.00 million from a year ago;
analysts
expected $929.48 million. 
    * RXO Inc's reported EPS for the quarter was a loss of 13
cents​.
    * The company reported a quarterly loss of $15 million.
    * RXO Inc shares had fallen by 13.1% this quarter and
lost 18.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 201.8% in the last three months.​ 
    * In the last 30 days, two 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 $20.00
This summary was machine generated from LSEG data May 2 at 09:08
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
 Mar. 31 2024      -0.04          -0.03          Beat
 Dec. 31 2023      0.04           0.06           Beat
 Sep. 30 2023      0.01           0.05           Beat
 Jun. 30 2023      0.08           0.08           Met