XPO Inc. 2Q adj EPS $1.05, est. 99c

XPO Inc. 2Q adj EPS $1.05, est. 99c

XPO Inc. (XPO) has released its second-quarter (Q2) earnings report, revealing an adjusted earnings per share (EPS) of $1.05, which missed analyst expectations of $0.99 per share. The company's revenue for the quarter was forecasted at $2.04 billion, a decline of 1.8% year over year [1][2].

Analysts had revised their EPS estimates downward by 3.9% in the past 30 days, reflecting a reappraisal of initial projections. The company's adjusted operating ratio is expected to reach 82.9%, down from 83.2% in the previous year. Other key metrics forecasted by analysts include a decrease in revenue for the European transportation segment by 1.7% to $793.91 million and a decline in revenue for the North American less-than-truckload segment by 2.3% to $1.24 billion [1][2].

The company's stock has seen a change of +3.9% in the past month, outpacing the Zacks S&P 500 composite's +3.4% move. XPO is currently ranked #4 (Sell) by Zacks Investment Research, indicating an expectation that the stock will underperform the overall market in the near term [1][2].

References:
[1] https://finance.yahoo.com/news/ahead-xpo-xpo-q2-earnings-131503153.html
[2] https://www.nasdaq.com/articles/ahead-xpo-xpo-q2-earnings-get-ready-wall-street-estimates-key-metrics