Zacks: Brokerages Anticipate GXO Logistics, Inc. (NYSE:GXO) Will Post Earnings of $0.68 Per Share

Brokerages expect GXO Logistics, Inc. (NYSE:GXOGet Rating) to announce earnings of $0.67 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for GXO Logistics’ earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.72. GXO Logistics reported earnings of $0.10 per share in the same quarter last year, which indicates a positive year over year growth rate of 570%. The business is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that GXO Logistics will report full-year earnings of $2.82 per share for the current financial year, with EPS estimates ranging from $2.49 to $2.95. For the next year, analysts forecast that the company will post earnings of $3.15 per share, with EPS estimates ranging from $2.82 to $3.35. Zacks’ EPS averages are an average based on a survey of analysts that cover GXO Logistics.

GXO Logistics (NYSE:GXOGet Rating) last announced its earnings results on Wednesday, May 4th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.06 billion. GXO Logistics had a net margin of 2.15% and a return on equity of 9.11%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the company posted $0.37 earnings per share.

Several analysts have issued reports on GXO shares. JPMorgan Chase & Co. cut their target price on shares of GXO Logistics from $100.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, April 8th. Zacks Investment Research lowered GXO Logistics from a “hold” rating to a “sell” rating in a research report on Tuesday, February 15th. Citigroup dropped their target price on GXO Logistics from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, April 20th. Stifel Nicolaus initiated coverage on shares of GXO Logistics in a report on Tuesday, March 1st. They set a “buy” rating and a $94.00 price target for the company. Finally, Oppenheimer lowered their price objective on shares of GXO Logistics from $108.00 to $91.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, GXO Logistics has an average rating of “Buy” and an average price target of $98.00.

Shares of NYSE:GXO traded up $1.33 during mid-day trading on Tuesday, hitting $56.55. The stock had a trading volume of 15,269 shares, compared to its average volume of 1,012,286. The company’s 50 day moving average is $67.03 and its 200-day moving average is $81.16. GXO Logistics has a 12-month low of $48.38 and a 12-month high of $105.92. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 0.96. The company has a market cap of $6.49 billion and a PE ratio of 37.31.

In other GXO Logistics news, Director Gena L. Ashe sold 3,527 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $80.00, for a total transaction of $282,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director S Jacobs Bradley sold 5,447,500 shares of the stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $57.24, for a total value of $311,814,900.00. Following the transaction, the director now owns 6,468,201 shares in the company, valued at approximately $370,239,825.24. The disclosure for this sale can be found here.

Several hedge funds and other institutional investors have recently bought and sold shares of GXO. BlackRock Inc. bought a new position in GXO Logistics in the 3rd quarter worth $671,977,000. Dimensional Fund Advisors LP acquired a new stake in shares of GXO Logistics in the third quarter valued at about $164,798,000. Lyrical Asset Management LP bought a new position in shares of GXO Logistics in the third quarter worth about $154,846,000. American Century Companies Inc. acquired a new position in shares of GXO Logistics during the 3rd quarter worth about $144,731,000. Finally, Geode Capital Management LLC bought a new stake in GXO Logistics during the 3rd quarter valued at approximately $93,151,000. 91.32% of the stock is owned by institutional investors and hedge funds.

About GXO Logistics (Get Rating)

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.

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Earnings History and Estimates for GXO Logistics (NYSE:GXO)

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