XPO Inc reports results for the quarter ended March 31 - Earnings Summary

• XPO Inc XPO.N reported quarterly adjusted earnings of 73 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of twenty five analysts for the quarter was for earnings of 65 cents per share. Wall Street expected results to range from 52 cents to 70 cents per share.

• Revenue fell 3.2% to $1.95 billion from a year ago; analysts expected $1.98 billion.

• XPO Inc's reported EPS for the quarter was 58 cents​.

• The company reported quarterly net income of $69 million.

• XPO Inc shares had fallen by 9.4% this quarter and lost 25.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.5% in the last three months.​

• In the last 30 days, seventeen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the ground freight & logistics peer group is also "buy"

• Wall Street's median 12-month price target for XPO Inc is $133.00

This summary was machine generated from LSEG data April 30 at 01:31 p.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)