XPO Q3 revenue rises 12%, adjusted EPS beats estimates
XPO Q3 revenue rises 12%, adjusted EPS beats estimates
Overview
US LTL freight transporter Q3 revenue rose 12% yr/yr, in line with analysts' expectations
Adjusted EPS grew 59%, exceeding expectations
Company cites revenue growth and margin expansion as drivers of improved results
Outlook
XPO sees further upside as freight demand recovers
XPO expects to accelerate free cash flow and capital returns to shareholders
Result Drivers
YIELD AND VOLUME - Co said higher yield, increased revenue per shipment and stronger volume growth from profitable share gains drove North American LTL results
HIGHER-MARGIN FREIGHT - Co said improved revenue quality from higher-margin freight contributed to results
COST EFFICIENCY - Co attributed improved cost efficiency to expanded use of AI across its network
Company press release: ID:nGNXMh2lw
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Meet | $2.37 bln | $2.37 bln (20 Analysts) |
Q3 Adjusted EPS | Beat | $1.70 | $1.58 (23 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 5 "hold" and 1 "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 XPO, Inc. is $235.00, about 29.3% above its October 28 closing price of $181.69
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 38 three months ago
Reuters Recommended Reads
Oct 27 - Logistics firm Landstar System's Q3 revenue rises 25%, beats estimates
Oct 27 - Werner Enterprises Q3 revenue misses estimates as higher fuel costs weigh on margins
Oct 28 - CH Robinson Q3 revenue beats on higher truckload pricing
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(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.)