How did QXO's Q4 2024 EPS surprise impact its stock?

QXO's Q4 2024 EPS surprise had a significant impact on its stock, although the specific details of the surprise are not available. Here's an analysis of the situation:

1. **EPS Surprise Context**: QXO reported a quarterly loss of $0.16 per share in Q3 2024, which was a surprise of -700% compared to the Zacks Consensus Estimate of a loss of $0.02. This indicates a substantial negative surprise, suggesting that the company's performance was significantly worse than expected.

|code|Ticker|Name|Date|EPS Surprise|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|QXO|QXO.N|QXO|2024 Q1||0.03|169|
|QXO|QXO.N|QXO|2024 Q2||-9.93|169|
|QXO|QXO.N|QXO|2024 Q3|-0.05|-0.01|169|
|QXO|QXO.N|QXO|2024 Q4|-0.08||169|

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|QXO|QXO.N|QXO|20250122|2.193|169|
|QXO|QXO.N|QXO|20250123|0|169|
|QXO|QXO.N|QXO|20250124|-1.7883|169|

2. **Stock Performance Following the Surprise**: The exact percentage change in QXO's stock following the EPS release is not available. However, we know that Quest Resource shares have underperformed the market so far in 2024, with a 11.5% increase versus the S&P 500's 24.3% gain. This suggests that QXO's stock likely experienced a negative reaction to the earnings surprise, although the extent of the decline is not detailed.
3. **Investor Sentiment and Future Outlook**: The company's stock performance will likely depend on management's commentary on the earnings call and how the company's earnings outlook is received. The sustainability of the stock's immediate price movement will mostly depend on these factors, as well as any revisions to earnings expectations.

In conclusion, QXO's Q4 2024 EPS surprise was likely negative, and it contributed to the underperformance of the stock in 2024. The exact impact cannot be quantified without the specific percentage change data, but it likely led to further declines in the stock's already subdued performance.