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

• QXO Inc QXO.N reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended June 30. The mean expectation of eight analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 3 cents to 5 cents per share.

• Revenue was $1.91 billion​; analysts expected $1.87 billion.

• QXO Inc's reported EPS for the quarter was a loss of 15 cents​.

• The company reported a quarterly loss of $58.5 million.

• QXO Inc shares had fallen by 2.2% this quarter and gained 32.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 183.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 9 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is "buy."

• Wall Street's median 12-month price target for QXO Inc is $31.00, about 32.1% above its last closing price of $21.06

This summary was machine generated from LSEG data August 14 at 11:27 a.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)