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Here's What Key Metrics Tell Us About XPO (XPO) Q4 Earnings
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For the quarter ended December 2023, XPO (XPO - Free Report) reported revenue of $1.94 billion, up 6% over the same period last year. EPS came in at $0.77, compared to $0.98 in the year-ago quarter.
The reported revenue represents a surprise of +2.21% over the Zacks Consensus Estimate of $1.9 billion. With the consensus EPS estimate being $0.61, the EPS surprise was +26.23%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how XPO performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Adjusted operating ratio: 86.5% versus the three-analyst average estimate of 88.1%.
Number of Working Days: 61 versus 61 estimated by three analysts on average.
Shipments per Day: 51,382 versus the three-analyst average estimate of 50,894.
Average Weight per Shipment: 1,350 lbs compared to the 1,349.07 lbs average estimate based on three analysts.
Gross revenue per hundredweight (including fuel surcharges): $28.60 versus $28.09 estimated by two analysts on average.
Gross revenue per hundredweight (excluding fuel surcharges): $23.37 versus $23.15 estimated by two analysts on average.
Operating Ratio: 87.4% versus 91.1% estimated by two analysts on average.
Pounds per day: 69.36 million versus the two-analyst average estimate of 69.13 million.
Revenues- European Transportation Segment: $753 million versus the five-analyst average estimate of $748.30 million.
Revenue- North American Less-Than-Truckload Segment: $1.19 billion compared to the $1.15 billion average estimate based on five analysts. The reported number represents a change of +8.6% year over year.
Adjusted EBITDA- North American Less-Than-Truckload Segment: $233 million versus the five-analyst average estimate of $211.81 million.
Adjusted EBITDA- Corporate: -$5 million versus the five-analyst average estimate of -$6 million.
Shares of XPO have returned +17.7% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About XPO (XPO) Q4 Earnings
For the quarter ended December 2023, XPO (XPO - Free Report) reported revenue of $1.94 billion, up 6% over the same period last year. EPS came in at $0.77, compared to $0.98 in the year-ago quarter.
The reported revenue represents a surprise of +2.21% over the Zacks Consensus Estimate of $1.9 billion. With the consensus EPS estimate being $0.61, the EPS surprise was +26.23%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how XPO performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Adjusted operating ratio: 86.5% versus the three-analyst average estimate of 88.1%.
- Number of Working Days: 61 versus 61 estimated by three analysts on average.
- Shipments per Day: 51,382 versus the three-analyst average estimate of 50,894.
- Average Weight per Shipment: 1,350 lbs compared to the 1,349.07 lbs average estimate based on three analysts.
- Gross revenue per hundredweight (including fuel surcharges): $28.60 versus $28.09 estimated by two analysts on average.
- Gross revenue per hundredweight (excluding fuel surcharges): $23.37 versus $23.15 estimated by two analysts on average.
- Operating Ratio: 87.4% versus 91.1% estimated by two analysts on average.
- Pounds per day: 69.36 million versus the two-analyst average estimate of 69.13 million.
- Revenues- European Transportation Segment: $753 million versus the five-analyst average estimate of $748.30 million.
- Revenue- North American Less-Than-Truckload Segment: $1.19 billion compared to the $1.15 billion average estimate based on five analysts. The reported number represents a change of +8.6% year over year.
- Adjusted EBITDA- North American Less-Than-Truckload Segment: $233 million versus the five-analyst average estimate of $211.81 million.
- Adjusted EBITDA- Corporate: -$5 million versus the five-analyst average estimate of -$6 million.
View all Key Company Metrics for XPO here>>>Shares of XPO have returned +17.7% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.