GXO Logistics Q2 revenue rises as new business wins grow
GXO•Q2 revenue and earnings
US contract logistics provider's Q2 revenue rose 4.3% year over year, but missed analyst expectations.
Adjusted EPS for Q2 rose to $0.59, slightly beating analyst expectations.
Key details:
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $3.4 bln | $3.46 bln (13 Analysts) |
| Q2 Adjusted EPS | Beat | $0.59 | $0.58 (15 Analysts) |
| Q2 Net Income | $27 mln |
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy".
Wall Street's median 12-month price target for GXO Logistics Inc is $67.50, about 33.3% above its August 3 closing price of $50.62.
