Freight delivery company XPO (NYSE:XPO) will be reporting results tomorrow before market open. Here’s what to expect.
XPO met analysts’ revenue expectations last quarter, reporting revenues of $1.92 billion, flat year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is XPO a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting XPO’s revenue to decline 2.2% year on year to $1.97 billion, a reversal from the 5.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.65 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. XPO has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.9% on average.
Looking at XPO’s peers in the ground transportation segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Ryder delivered year-on-year revenue growth of 1.1%, meeting analysts’ expectations, and Old Dominion Freight Line reported a revenue decline of 5.8%, in line with consensus estimates. Ryder’s stock price was unchanged after the resultswhile Old Dominion Freight Line was up 4.4%.
Read our full analysis of Ryder’s results here and Old Dominion Freight Line’s results here.
Investors in the ground transportation segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. XPO is down 9.3% during the same time and is heading into earnings with an average analyst price target of $127.81 (compared to the current share price of $97.60).
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