GXO Logistics Updates EPS To $2.45-$2.65 From $2.40-$2.60 Vs $2.53 Est.
Portfolio Pulse from Happy Mohamed
GXO Logistics has updated its 2023 financial outlook, raising its adjusted EBITDA from $715 million-$745 million to $725 million-$755 million, and its adjusted diluted earnings per share from $2.40-$2.60 to $2.45-$2.65. The company expects organic revenue growth of 6% to 8% and free cash flow conversion of approximately 30% of adjusted EBITDA.
August 04, 2023 | 12:18 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
GXO Logistics has raised its 2023 financial outlook, which could indicate a positive future performance.
The company has raised its financial outlook for 2023, including its adjusted EBITDA and earnings per share. This could indicate that the company expects to perform well in the future, which could have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100