Earnings Preview: GXO Logistics
Portfolio Pulse from Benzinga Insights
GXO Logistics (NYSE:GXO) is scheduled to release its quarterly earnings report on February 13, 2024, with an estimated EPS of $0.69. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for future growth. Historically, GXO has shown a mixed reaction to earnings reports, with share prices fluctuating based on past performance. As of February 09, GXO shares were trading at $56.69, marking a 7.32% increase over the last 52 weeks.
February 12, 2024 | 3:01 pm
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GXO Logistics is anticipated to report an EPS of $0.69 for the upcoming quarter. Historical data shows share price reactions to earnings beats/misses and guidance. Shares have risen 7.32% over the past year.
Given GXO's history of share price movements post-earnings announcements, the upcoming report could positively impact the stock, especially if the company beats the EPS estimate and provides strong future guidance. The historical pattern and recent positive stock performance suggest a potential continuation of this trend.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100