Xos Inc reports results for the quarter - Earnings Summary

Xos

14/11/2024 03:55

* Xos Inc  XOS.OQ  reported a quarterly adjusted loss of 93
cents​​ per share for the quarter , higher than the same quarter
last year, when the company reported EPS of $-2.40.  The mean
expectation of five analysts for the quarter was for a loss of
$1.35 per share. Wall Street expected results to range from
$-1.72 to $-1.06 per share.
    * Revenue fell 5.4% to $15.79 million from a year ago;
analysts
expected $22.80 million. 
    * Xos Inc's reported EPS for the quarter was a loss of
$1.32​.
    * The company reported a quarterly loss of $10.51 million.
    * Xos Inc shares had risen by 13.0% this quarter and
lost 35.6% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto & truck
manufacturers peer group is also "buy"

Wall Street's median 12-month price target for Xos Inc is 10.50 
This summary was machine generated from LSEG data November 14 at
03:55 a.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      -1.35          -0.93          Beat
 Jun. 30 2024      -1.99          -1.02          Beat
 Mar. 31 2024      -2.25          -1.80          Beat
 Dec. 31 2023      -1.92          -2.33          Missed