-$0.13 EPS Expected for Xos, Inc. (NASDAQ:XOS) This Quarter

Brokerages expect Xos, Inc. (NASDAQ:XOSGet Rating) to announce earnings per share (EPS) of ($0.13) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for XOS’s earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.12). The business is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that XOS will report full-year earnings of ($0.50) per share for the current year, with EPS estimates ranging from ($0.54) to ($0.46). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.30) per share, with EPS estimates ranging from ($0.33) to ($0.23). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover XOS.

XOS (NASDAQ:XOSGet Rating) last announced its quarterly earnings data on Monday, March 28th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.03. The company had revenue of $3.30 million during the quarter, compared to analyst estimates of $3.10 million.

A number of brokerages have issued reports on XOS. Zacks Investment Research lowered XOS from a “buy” rating to a “hold” rating in a research note on Friday, April 1st. Northland Securities began coverage on XOS in a report on Friday, June 3rd. They set an “outperform” rating and a $5.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.46.

In other XOS news, CTO Robert Ferber sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $3.04, for a total value of $152,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 54.60% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC acquired a new stake in XOS during the 3rd quarter worth $10,985,000. Luxor Capital Group LP acquired a new stake in shares of XOS in the third quarter valued at about $3,686,000. Geode Capital Management LLC grew its holdings in XOS by 871.6% during the fourth quarter. Geode Capital Management LLC now owns 534,063 shares of the company’s stock worth $1,682,000 after purchasing an additional 479,095 shares during the period. Moore Capital Management LP bought a new position in XOS during the third quarter worth about $991,000. Finally, State Street Corp grew its holdings in XOS by 623.9% during the first quarter. State Street Corp now owns 181,707 shares of the company’s stock worth $543,000 after purchasing an additional 156,607 shares during the period. Hedge funds and other institutional investors own 12.07% of the company’s stock.

XOS stock traded down $0.04 during midday trading on Friday, hitting $2.56. The stock had a trading volume of 953 shares, compared to its average volume of 382,585. The company’s 50-day moving average price is $2.79 and its 200 day moving average price is $2.78. XOS has a 12-month low of $1.92 and a 12-month high of $10.08.

XOS Company Profile (Get Rating)

Xos, Inc, a mobility solutions company, manufactures and sells battery-electric commercial vehicles. It offers a range of services to facilitate the transition of fleets to electric vehicles, including charging infrastructure, vehicle maintenance, financing, and service. The company was founded in 2020 and is headquartered in Los Angeles, California.

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