GXO Logistics (GXO) Set to Announce Earnings on Monday

GXO Logistics (NYSE:GXO) will be releasing 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.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the company posted $0.70 earnings per share. The business’s quarterly revenue was up 18.9% on a year-over-year basis. 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 Performance

Shares of NYSE GXO opened at $58.60 on Friday. The company’s fifty day moving average price is $53.95 and its 200 day moving average price is $51.69. GXO Logistics has a 1 year low of $46.07 and a 1 year high of $63.33. The company has a market capitalization of $7.00 billion, a PE ratio of 50.09, a price-to-earnings-growth ratio of 1.85 and a beta of 1.59. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GXO. Citigroup began coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target on the stock. Susquehanna lowered their price target on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. JPMorgan Chase & Co. increased their price objective on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Finally, UBS Group decreased their price objective on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.91.

About GXO Logistics

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.