XPO (XPO - Free Report) reported $2.02 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.8%. EPS of $0.81 for the same period compares to $0.56 a year ago.
The reported revenue represents a surprise of +0.71% over the Zacks Consensus Estimate of $2 billion. With the consensus EPS estimate being $0.68, the EPS surprise was +19.12%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how XPO performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Shipments per Day: 51,392 versus 51,178 estimated by three analysts on average.
- Average Weight per Shipment: 1,376 lbs versus 1,365.59 lbs estimated by three analysts on average.
- Number of Working Days: 64 compared to the 64 average estimate based on three analysts.
- Operating Ratio: 86.4% versus 89.8% estimated by two analysts on average.
- Gross revenue per hundredweight (including fuel surcharges): $27.80 versus $27.55 estimated by two analysts on average.
- Pounds per day: 70.71 million versus the two-analyst average estimate of 69.88 million.
- Gross revenue per hundredweight (excluding fuel surcharges): $23.13 versus the two-analyst average estimate of $22.96.
- Adjusted operating ratio: 85.7% compared to the 86.6% average estimate based on two analysts.
- Revenues- European Transportation Segment: $797 million versus $793.66 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.3% change.
- Revenue- North American Less-Than-Truckload Segment: $1.22 billion versus $1.20 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +9% change.
- Adjusted EBITDA- Corporate: -$5 million versus the five-analyst average estimate of -$4 million.
- Adjusted EBITDA- European Transportation Segment: $38 million versus $33.66 million estimated by five analysts on average.
View all Key Company Metrics for XPO here>>>Shares of XPO have returned -11% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
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XPO (XPO - Free Report) reported $2.02 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.8%. EPS of $0.81 for the same period compares to $0.56 a year ago.
The reported revenue represents a surprise of +0.71% over the Zacks Consensus Estimate of $2 billion. With the consensus EPS estimate being $0.68, the EPS surprise was +19.12%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how XPO performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Shipments per Day: 51,392 versus 51,178 estimated by three analysts on average.
- Average Weight per Shipment: 1,376 lbs versus 1,365.59 lbs estimated by three analysts on average.
- Number of Working Days: 64 compared to the 64 average estimate based on three analysts.
- Operating Ratio: 86.4% versus 89.8% estimated by two analysts on average.
- Gross revenue per hundredweight (including fuel surcharges): $27.80 versus $27.55 estimated by two analysts on average.
- Pounds per day: 70.71 million versus the two-analyst average estimate of 69.88 million.
- Gross revenue per hundredweight (excluding fuel surcharges): $23.13 versus the two-analyst average estimate of $22.96.
- Adjusted operating ratio: 85.7% compared to the 86.6% average estimate based on two analysts.
- Revenues- European Transportation Segment: $797 million versus $793.66 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.3% change.
- Revenue- North American Less-Than-Truckload Segment: $1.22 billion versus $1.20 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +9% change.
- Adjusted EBITDA- Corporate: -$5 million versus the five-analyst average estimate of -$4 million.
- Adjusted EBITDA- European Transportation Segment: $38 million versus $33.66 million estimated by five analysts on average.
View all Key Company Metrics for XPO here>>>Shares of XPO have returned -11% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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