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

Xos

11/08/2023 05:19

* Xos Inc  XOS.OQ  reported a quarterly adjusted loss of 14
cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for a loss of 11
cents per share.
    * Revenue fell 51.3% to $4.75 million from a year ago;
analysts
expected $11.35 million. 
    * Xos Inc's reported EPS for the quarter was a loss of 14
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Xos Inc shares had risen by 88.4% this quarter and
lost 7.4% so
far this year.
    * The company reported a quarterly loss of $23.58 million.
    * Wall Street's median 12-month price target for Xos Inc is
$1.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 11 at 04:19 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.11          -0.14          Missed
 Mar. 31 2023      -0.12          -0.14          Missed
 Dec. 31 2022      -0.14          -0.12          Beat
 Sep. 30 2022      -0.14          -0.14          Met