XOS (XOS) to Release Earnings on Wednesday

XOS (NASDAQ:XOS) is set to issue its quarterly earnings data after the market closes on Wednesday, May 15th. Analysts expect the company to announce earnings of ($2.19) per share for the quarter. XOS has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

XOS (NASDAQ:XOS) last issued its quarterly earnings results on Thursday, March 21st. The company reported ($2.33) earnings per share for the quarter, beating the consensus estimate of ($2.40) by $0.07. The company had revenue of $18.38 million during the quarter, compared to analysts’ expectations of $18.50 million. XOS had a negative return on equity of 115.89% and a negative net margin of 170.35%. On average, analysts expect XOS to post $-9 EPS for the current fiscal year and $-5 EPS for the next fiscal year.

XOS Price Performance

XOS stock opened at $7.47 on Wednesday. The stock’s 50 day moving average is $9.77 and its 200 day moving average is $8.81. XOS has a one year low of $5.50 and a one year high of $19.80. The firm has a market cap of $57.89 million, a P/E ratio of -0.57 and a beta of 1.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.66 and a quick ratio of 1.73.

Wall Street Analyst Weigh In

XOS has been the subject of a number of recent analyst reports. DA Davidson upgraded XOS from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Monday, April 1st. Wedbush raised their target price on XOS to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th.

About XOS

Xos, Inc designs, manufactures, and sells battery-electric commercial vehicles. The company provides class 5-6 medium duty rolling chassis, such as commercial stepvans and armored trucks; class 7-8 heavy duty chassis; and Xos product development. It offers Xos provides mix-use powertrain solutions for off-highway, industrial and other commercial equipment, and specialty vehicles, such as school buses, medical and dental clinics, blood donation vehicles, and mobile command vehicles.