XPO Logistics, Inc. (NYSE:XPO) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, XPO is expected to report 3Q20 income of $ 0.40 per share from revenue of $ 3853.12 million.
For the full year, analysts anticipate top line of $ 15313.40 million, while looking forward to income of $ 0.99 per share bottom line.
Previous Quarter Performance
XPO Logistics, Inc. communicated loss for the second quarter of $ 0.63 per share, from the revenue of $ 3,502.00 million. The quarterly revenues reduced 17.37 percent compared with the same quarter last year. Street analysts expected XPO Logistics, Inc. to report loss of $ 0.73 per share on revenue of $ 3378.46 million for the second quarter. The bottom line results beat street analysts by $ 0.1 or 13.70 percent, at the same time, top line results outshined analysts by $ 123.54 million or 3.66 percent.
Stock Performance
Shares of XPO Logistics, Inc. traded up $ 0.43 or 0.46 percent on Wednesday, reaching $ 94.59 with volume of 595.50 thousand shares. XPO Logistics, Inc. has traded high as $ 97.37 and has cracked $ 92.47 on the downward trend
The closing price of $ 94.59, representing a 144.76 % increase from the 52 week low of $ 38.47 and a 7.55 % decrease over the 52 week high of $ 101.85.
The company has a market capital of $ 8.64 billion and is part of the Industrials sector and Integrated Shipping & Logistics industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by Raymond James at Outperform rating, with $ 95.00 target price.
- On 24th September 2020, initiated by Wells Fargo & Co at Overweight rating.
- On 16th September 2020, maintained by Credit Suisse Group at Outperform rating, with $ 101.00 target price.
XPO Logistics, Inc. provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, and internationally. The companys Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
