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

Xos

16/05/2024 08:55

* Xos Inc  XOS.OQ  reported a quarterly adjusted loss of
$1.80​​
per share for the quarter ended in March, higher than the same
quarter last year, when the company reported EPS of $-4.20.  The
mean expectation of four analysts for the quarter was for a loss
of $2.25 per share. Wall Street expected results to range from
$-2.31 to $-2.19 per share.
    * Revenue rose 180.2% to $13.16 million from a year ago;
analysts
expected $15.72 million. 
    * Xos Inc's reported EPS for the quarter was a loss of
$1.80​.
    * The company reported a quarterly loss of $11 million.
    * Xos Inc shares had fallen by 25.8% this quarter and
lost 4.8% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.7%
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 $17.00
This summary was machine generated from LSEG data May 16 at
07:55 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
 Mar. 31 2024      -2.25          -1.80          Beat
 Dec. 31 2023      -1.92          -2.33          Missed
 Sep. 30 2023      -2.91          -2.40          Beat
 Jun. 30 2023      -3.36          -4.20          Missed