Core Viewpoint - QXO, Inc. is showing a significantly improving earnings outlook, making it a potentially solid investment choice as analysts continue to raise their earnings estimates for the company [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding QXO's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, QXO is projected to earn $0.09 per share, reflecting a -97.2% change from the previous year, but the Zacks Consensus Estimate has increased by 280% over the last 30 days due to one upward revision [6]. - For the full year, the earnings estimate stands at $0.35 per share, representing a +450% change from the year-ago figure, with one estimate moving up and no negative revisions in the past month [7]. Zacks Rank - QXO has achieved a Zacks Rank 2 (Buy), supported by favorable estimate revisions, which is a reliable tool for investors to leverage earnings estimate trends for investment decisions [8]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500, indicating a strong potential for QXO's stock [8]. Stock Performance - QXO shares have increased by 23.5% over the past four weeks, suggesting that investors are responding positively to the company's impressive estimate revisions [9].
Will QXO INC (QXO) Gain on Rising Earnings Estimates?