We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unveiling XPO (XPO) Q1 Outlook: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
In its upcoming report, XPO (XPO - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.68 per share, reflecting an increase of 21.4% compared to the same period last year. Revenues are forecasted to be $2 billion, representing a year-over-year increase of 5.1%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some XPO metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Revenues- European Transportation Segment' will reach $793.66 million. The estimate points to a change of +0.9% from the year-ago quarter.
It is projected by analysts that the 'Revenue- North American Less-Than-Truckload Segment' will reach $1.20 billion. The estimate suggests a change of +7.1% year over year.
According to the collective judgment of analysts, 'Shipments per Day' should come in at 51,178. The estimate is in contrast to the year-ago figure of 49,107.
Based on the collective assessment of analysts, 'Average Weight per Shipment' should arrive at 1,365.59 lbs. The estimate compares to the year-ago value of 1,403 lbs.
The collective assessment of analysts points to an estimated 'Number of Working Days' of 64. The estimate is in contrast to the year-ago figure of 64.
The average prediction of analysts places 'Operating Ratio' at 89.8%. The estimate is in contrast to the year-ago figure of 90.8%.
The consensus estimate for 'Gross revenue per hundredweight (including fuel surcharges)' stands at $27.55. The estimate is in contrast to the year-ago figure of $25.99.
The combined assessment of analysts suggests that 'Pounds per day' will likely reach 69.88 million. Compared to the current estimate, the company reported 68.89 million in the same quarter of the previous year.
Analysts' assessment points toward 'Gross revenue per hundredweight (excluding fuel surcharges)' reaching $22.96. The estimate compares to the year-ago value of $21.06.
Analysts forecast 'Adjusted operating ratio' to reach 86.6%. Compared to the current estimate, the company reported 89.6% in the same quarter of the previous year.
Analysts predict that the 'Adjusted EBITDA- North American Less-Than-Truckload Segment' will reach $239.78 million. The estimate compares to the year-ago value of $182 million.
XPO shares have witnessed a change of -9.1% in the past month, in contrast to the Zacks S&P 500 composite's -2.5% move. With a Zacks Rank #2 (Buy), XPO is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unveiling XPO (XPO) Q1 Outlook: Wall Street Estimates for Key Metrics
In its upcoming report, XPO (XPO - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.68 per share, reflecting an increase of 21.4% compared to the same period last year. Revenues are forecasted to be $2 billion, representing a year-over-year increase of 5.1%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some XPO metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Revenues- European Transportation Segment' will reach $793.66 million. The estimate points to a change of +0.9% from the year-ago quarter.
It is projected by analysts that the 'Revenue- North American Less-Than-Truckload Segment' will reach $1.20 billion. The estimate suggests a change of +7.1% year over year.
According to the collective judgment of analysts, 'Shipments per Day' should come in at 51,178. The estimate is in contrast to the year-ago figure of 49,107.
Based on the collective assessment of analysts, 'Average Weight per Shipment' should arrive at 1,365.59 lbs. The estimate compares to the year-ago value of 1,403 lbs.
The collective assessment of analysts points to an estimated 'Number of Working Days' of 64. The estimate is in contrast to the year-ago figure of 64.
The average prediction of analysts places 'Operating Ratio' at 89.8%. The estimate is in contrast to the year-ago figure of 90.8%.
The consensus estimate for 'Gross revenue per hundredweight (including fuel surcharges)' stands at $27.55. The estimate is in contrast to the year-ago figure of $25.99.
The combined assessment of analysts suggests that 'Pounds per day' will likely reach 69.88 million. Compared to the current estimate, the company reported 68.89 million in the same quarter of the previous year.
Analysts' assessment points toward 'Gross revenue per hundredweight (excluding fuel surcharges)' reaching $22.96. The estimate compares to the year-ago value of $21.06.
Analysts forecast 'Adjusted operating ratio' to reach 86.6%. Compared to the current estimate, the company reported 89.6% in the same quarter of the previous year.
Analysts predict that the 'Adjusted EBITDA- North American Less-Than-Truckload Segment' will reach $239.78 million. The estimate compares to the year-ago value of $182 million.
View all Key Company Metrics for XPO here>>>
XPO shares have witnessed a change of -9.1% in the past month, in contrast to the Zacks S&P 500 composite's -2.5% move. With a Zacks Rank #2 (Buy), XPO is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>