GXO Logistics (GXO) Scheduled to Post Earnings on Monday

GXO Logistics (NYSE:GXO - Get Free Report) will be posting its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect GXO Logistics to post earnings of $0.78 per share for the quarter. GXO Logistics has set its FY24 guidance at $2.73-$2.93 EPS and its FY 2024 guidance at 2.730-2.930 EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.73 billion. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. GXO Logistics's revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share. On average, analysts expect GXO Logistics to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

GXO Logistics Stock Down 0.8 %

Shares of GXO traded down $0.46 during mid-day trading on Monday, hitting $60.66. 1,006,591 shares of the company's stock were exchanged, compared to its average volume of 915,892. The company has a market cap of $7.24 billion, a PE ratio of 43.97, a P/E/G ratio of 1.81 and a beta of 1.59. GXO Logistics has a 52 week low of $46.07 and a 52 week high of $63.33. The company has a 50-day simple moving average of $52.80 and a 200 day simple moving average of $51.37. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of GXO Logistics from $71.00 to $66.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. Citigroup began coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They issued a "buy" rating and a $60.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of GXO Logistics from $61.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday, July 9th. Finally, Susquehanna decreased their target price on shares of GXO Logistics from $75.00 to $73.00 and set a "positive" rating for the company in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $66.91.

GXO Logistics Company Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.