Xos Inc reports results for the quarter ended June 30 - Earnings Summary

• Xos Inc XOS.OQ reported a quarterly adjusted loss of 91 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-1.02. The mean expectation of three analysts for the quarter was for a loss of $1.06 per share. Wall Street expected results to range from $-1.25 to -87 cents per share.

• Revenue rose 18.4% to $18.39 million from a year ago; analysts expected $13.11 million.

• Xos Inc's reported EPS for the quarter was a loss of 91 cents​.

• The company reported a quarterly loss of $7.51 million.

• Xos Inc shares had risen by 11.6% this quarter and gained 4.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto & truck manufacturers peer group is also "buy"

• Wall Street's median 12-month price target for Xos Inc is $6.00, about 43.8% above its last closing price of $3.37

This summary was machine generated from LSEG data August 13 at 09:00 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)