GXO Logistics (NYSE:GXO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.16b (up 28% from 3Q 2023).

• Net income: US$33.0m (down 50% from 3Q 2023).

• Profit margin: 1.0% (down from 2.7% in 3Q 2023).

• EPS: US$0.28 (down from US$0.56 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

GXO Logistics Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 54%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Logistics industry in the US.

Performance of the American Logistics industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - GXO Logistics has 3 warning signs we think you should be aware of.

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