GXO Logistics: Leading Indicators Suggest A Robust Growth Outlook
GXO Logistics' 2Q24 performance showed strong revenue growth and organic growth acceleration, leading to a positive outlook for the company. Macro indicators such as improving retail sales and inventory levels support GXO's growth trajectory and confidence in meeting FY27 targets. Management's reaffirmation of guidance and focus on automation (positive for long-term margin expansion) further solidify the buy rating for GXO.
Down 54%, Is It Time to Buy the Dip on This Growth Stock?
GXO Logistics fell to near a 52-week low after its recent earnings report. Organic revenue growth slipped to 2% as the macro economy remains sluggish.
GXO Logistics, Inc. (GXO) Q2 2024 Earnings Call Transcript
GXO Logistics, Inc. (NYSE:GXO ) Q2 2024 Results Conference Call August 6, 2024 8:30 AM ET Company Participants Malcolm Wilson - Chief Executive Officer Baris Oran - Chief Financial Officer Kristine Kubacki - Chief Strategy Officer Conference Call Participants Stephanie Moore - Jefferies Scott Schneeberger - Oppenheimer Chris Wetherbee - Wells Fargo Brian Ossenbeck - JPMorgan Ravi Shanker - Morgan Stanley Jason Seidl - TD Cowen David Zazula - Barclays Kevin Gainey - Thompson, Davis & Company Operator Hello, and welcome to the GXO Second Quarter 2024 Earnings Conference Call and Webcast. My name is Dana, and I will be your operator for today's call.
GXO Logistics (GXO) Q2 Earnings Miss Estimates
GXO Logistics (GXO) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.70 per share a year ago.
Analysts Estimate GXO Logistics (GXO) to Report a Decline in Earnings: What to Look Out for
GXO Logistics (GXO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
1 Magnificent Disruptive Technology Stock Down 53% to Buy and Hold Forever
Blue chip companies are increasingly outsourcing their logistics and e-commerce warehousing operations. The company's end markets weakened as the lockdown measures eased, but it's only a matter of time before they pick up again.
GXO Logistics: Market Short-Sightedness Creates Buying Opportunity
GXO Logistics has had a slight pause in growth, but its outlook looks promising. Currently operates with ROIC below WACC, but there will be a significant improvement in returns in the next couple of years. GXO's profitability has been impacted by investments in automations, acquisitions, external factors like higher interest rates.
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Almost everyone knows that automation is going to be a very big trend over the coming decades. The AI revolution is just getting started.
