For the quarter ended September 2024, XPO (XPO) reported revenue of $2.05 billion, up 3.7% over the same period last year. EPS came in at $1.02, compared to $0.88 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.01 billion, representing a surprise of +2.29%. The company delivered an EPS surprise of +14.61%, with the consensus EPS estimate being $0.89.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expecta ...

Core Insights - XPO reported quarterly earnings of $1.02 per share, exceeding the Zacks Consensus Estimate of $0.89 per share, and showing an increase from $0.88 per share a year ago, resulting in an earnings surprise of 14.61% [1] - The company achieved revenues of $2.05 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.29% and up from $1.98 billion year-over-year [2] - XPO shares have increased approximately 37.3% year-to-date, outperforming the S&P 500's gain of 22.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $1.94 billion, and for the current fiscal year, it is $3.52 on revenues of $8.04 billion [7] - The estimate revisions trend for XPO is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Transportation - Truck industry, to which XPO belongs, is currently ranked in the bottom 11% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact XPO's stock performance [5]

GREENWICH, Conn., Oct. 30, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) today announced its financial results for the third quarter 2024. The company reported diluted earnings from continuing operations per share of $0.79, compared with $0.72 for the same period in 2023, and adjusted diluted earnings from continuing operations per share of $1.02, compared with $0.88 for the same period in 2023. Third Quarter 2024 Summary Results | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------- ...

GREENWICH, Conn., Oct. 24, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, has been named one of "America's Most Reliable Companies" for 2025 by Newsweek magazine. The inaugural list recognizes U.S.-based companies that stand out for consistent service and dependability. XPO is one of the highest-ranked transportation companies cited by Newsweek. Mario Harik, chief executive officer of XPO, said, "Our team is committed to providing world-class service ...

Wall Street expects a year-over-year increase in earnings on higher revenues when XPO (XPO) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are better than expectat ...

Group 1 - XPO will hold its third quarter conference call and webcast on October 30, 2024, at 8:30 a.m. Eastern Time, with results released earlier that morning [1] - The company is a leader in asset-based less-than-truckload (LTL) freight transportation in North America, moving 18 billion pounds of freight per year [2] - XPO serves approximately 53,000 customers with 615 locations and 38,000 employees in North America and Europe [2] Group 2 - The conference call will be accessible via toll-free numbers for US/Canada and international callers, with a replay available until November 29, 2024 [1] - The company is headquartered in Greenwich, Connecticut, USA, and utilizes proprietary technology to enhance its operations [2] - Investor and media contact information is provided for further inquiries [3]

GREENWICH, Conn., Sept. 24, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, has been named to the 2025 FreightTech 100 list by FreightWaves, a global provider of supply chain market intelligence. This is XPO's seventh consecutive appearance on the FreightTech 100, which recognizes the most innovative companies in the freight transportation industry. XPO is the only LTL transportation provider on the list this year. Jay Silberkleit, chief information o ...

I last covered XPO, Inc. (NYSE: XPO ) in January 2024. At the time, my investment thesis was built around the fact that with the bankruptcy of Yellow Corp, an overleveraged trucking peer that was facing challenges, XPO would I'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional returns on capital, and can compound their inv ...

GREENWICH, Conn., Aug. 24, 2024 (GLOBE NEWSWIRE) -- Three drivers from XPO (NYSE: XPO), a leading provider of LTL freight transportation in North America, took home top awards tonight at the 2024 National Truck Driving Championships (NTDC). The competition, known as the "Super Bowl of Safety," was held in Indianapolis from August 21 to 24. The XPO drivers honored at this year's national championships were: Brandon Hardy (Las Vegas, Nevada): First place in the five-axle class. Brandon has over one million ac ...

Core Viewpoint - XPO, Inc. reported strong 2Q24 results with an 8.5% year-over-year revenue growth, reaching $2.079 billion, driven by both North American Less-Than-Truckload and European Transportation segments, alongside improved adjusted margins [2][8] Revenue and Segment Performance - The North American LTL segment accounted for 61% of total revenue, growing approximately 12% year-over-year to $1.272 billion, while the European Transportation segment grew 3.5% year-over-year to $808 million [7][10][12] - Overall, operating income increased 84.1% year-over-year from $107 million to $197 million, and adjusted EBITDA rose 40.6% from $244 million to $343 million, with an adjusted EBITDA margin of 16.5% compared to 12.7% in the previous period [8] Service Quality and Operational Efficiency - XPO achieved record-high yield of $23.56, a 9% increase year-over-year, while damage claims as a percentage of revenue decreased to a record low of 0.2%, down from around 1% prior to LTL 2.0 implementation, indicating an 80% reduction in damage claims [5][11][15] - The company invested $581 million in gross capex in 2023, nearly tripling its 2018 investment, and added 1,900 new tractors, reducing the average age of its fleet to 4 years, which contributed to a double-digit decline in maintenance costs [6] Strategic Initiatives and Market Positioning - XPO's strategic initiatives, including the acquisition of 28 service centers, are expected to enhance capacity and efficiency, with 14 centers already opened and 10 more anticipated to begin operations in the second half of 2024 [6] - The company continues to focus on high-quality service delivery, which has resulted in lower damage claims and higher yields, creating a competitive advantage in the freight transportation market [4][5] Future Outlook and Valuation - XPO forecasts a revenue estimate of approximately $8.19 billion for 2024, with an EPS of $3.60, and anticipates continued improvement in operating ratios and EPS for 2025, despite acknowledging a soft but stable freight market [13] - The forward revenue growth rate for XPO is projected at 4.44%, outperforming peers' median of 2.67%, while the adjusted diluted EPS increased from $0.71 to $1.12, representing a year-over-year growth of 57.7% [13][8]