Ahead of XPO (XPO) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Viewpoint - The upcoming earnings report for XPO is expected to show a decline in both earnings per share and revenue compared to the previous year, indicating a downward trend in financial performance [1]. Financial Performance - Analysts predict quarterly earnings of $0.99 per share, reflecting an 11.6% decline year-over-year [1]. - Revenue is forecasted to be $2.04 billion, which represents a 1.8% decrease compared to the same quarter last year [1]. - The consensus EPS estimate has been revised downward by 3.9% over the past 30 days, indicating a reappraisal by analysts [1]. Segment Performance - Revenue for the European Transportation Segment is expected to reach $793.91 million, down 1.7% from the prior-year quarter [4]. - The North American Less-Than-Truckload Segment is projected to generate $1.24 billion in revenue, reflecting a year-over-year decline of 2.3% [4]. - The Adjusted Operating Ratio is anticipated to be 82.9%, slightly improved from 83.2% reported in the same quarter last year [4]. Key Metrics - The number of working days is expected to remain at 64, consistent with the previous year [5]. - Shipments per day are forecasted to be 50,737, down from 53,519 in the year-ago period [5]. - Gross revenue per hundredweight (excluding fuel surcharges) is estimated at $25.16, up from $23.56 a year ago [5]. - Gross revenue per hundredweight (including fuel surcharges) is projected to be $29.18, compared to $28.04 in the same quarter last year [6]. - The average weight per shipment is expected to be 1,343.1 pounds, down from 1,358.0 pounds in the previous year [6]. - Net revenue per shipment is estimated at $388.45, compared to $370.98 a year ago [7]. - Pounds per day are projected to be 68.15 million, down from 72.66 million in the same quarter last year [7]. EBITDA Estimates - Adjusted EBITDA for the European Transportation Segment is expected to be $36.99 million, down from $49.00 million in the same quarter last year [8]. - Adjusted EBITDA for the North American Less-Than-Truckload Segment is projected to be $300.53 million, slightly up from $297.00 million a year ago [8]. Stock Performance - XPO shares have increased by 3.9% over the past month, outperforming the Zacks S&P 500 composite's increase of 3.4% [9]. - XPO currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market in the near term [9].