GXO Logistics (GXO) Scheduled to Post Quarterly Earnings on Monday

GXO Logistics (NYSE:GXO) is scheduled to release its earnings data 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.Investors that are interested in registering for the company’s conference call can do so using this link.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.73 billion. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the company 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 1.4 %

Shares of GXO Logistics stock opened at $61.12 on Monday. GXO Logistics has a 1 year low of $46.07 and a 1 year high of $63.33. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50-day moving average of $52.80 and a 200 day moving average of $51.37. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 43.97, a PEG ratio of 1.81 and a beta of 1.59.

Wall Street Analyst Weigh In

GXO has been the subject of a number of analyst reports. Citigroup started coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price for the company. UBS Group reduced their price objective on GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price objective on 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 cut their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research note on Thursday, September 26th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus price target 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.