RXO Q2 adjusted EPS beats estimates
RXO Q2 adjusted EPS beats estimates
Overview
U.S. transportation broker's Q2 revenue rose yr/yr
Adjusted EPS for Q2 beat analyst expectations
Outlook
RXO expects Q3 2026 adjusted EBITDA between $35 mln and $45 mln
Company anticipates Brokerage volume growth in low-to-mid-single-digit percentage year over year in Q3
RXO expects truckload gross profit per load to increase sequentially in Q3
Result Drivers
BROKERAGE VOLUME GROWTH - Full truckload volume in Brokerage grew 2% yr/yr, outperforming the market
SPOT MIX IMPACT - Sequential gross profit per load rose 11%, the highest in four years, driven by a 900-basis-point increase in truckload spot mix
COMPLEMENTARY SERVICES - Last Mile gained market share with 3% yr/yr stop growth and Managed Transportation won $100 mln in additional freight under management
Company press release: ID:nBwbRVXbda
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted EPS | Beat | $0.06 | $0.03 (16 Analysts) |
Q2 Adjusted Net Income |
| $10 mln |
|
Q2 Adjusted EBITDA |
| $40 mln |
|
Q2 Adjusted EBITDA Margin |
| 2.30% |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 11 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the ground freight & logistics peer group is "buy."
Wall Street's median 12-month price target for RXO Inc is $26.00, about 23.8% above its August 5 closing price of $21.00
The stock recently traded at 64 times the next 12-month earnings vs. a P/E of 175 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)