GXO Logistics, Inc. reports results for the quarter ended September 30 - Earnings Summary

• GXO Logistics, Inc. GXO.N reported quarterly adjusted earnings of 89 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 79 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 83 cents to 95 cents per share.

• Revenue rose 5.7% to $3.59 billion from a year ago; analysts expected $3.54 billion.

• GXO Logistics, Inc.'s reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $64 million.

• GXO Logistics, Inc. shares had risen by 17.3% this quarter and lost 1.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.5% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is also "buy"

• Wall Street's median 12-month price target for GXO Logistics, Inc. is $65.00, about 20% above its last closing price of $52.03

This summary was machine generated from LSEG data November 3 at 11:27 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)