Why GXO Logistics Stock Fell This Week
Shares of GXO Logistics (GXO -2.36%) were heading lower after the company said that CEO Malcolm Wilson would retire next year. The decline in the stock seemed to be less of a reflection on Wilson, and more based on reports that GXO won't be sold, as reports in October had indicated that the company was fielding multiple takeover offers.
2 Stocks Down 34% and 42% to Buy Right Now
With just over a month to go in 2024, it's fair to say that it's been a good year for stocks. The S&P 500 index's level has risen 26% across the stretch, and the more growth-oriented Nasdaq Composite index has rocketed 42% higher.
E-Commerce Growth Is Back: 2 Smart Stocks to Buy
It makes sense to try and get ahead of the crowd, and that's why stocks like GXO Logistics (GXO -1.75%) and Honeywell (HON -0.09%) should be high on investors' lists of stocks to look at. Both companies look set to benefit from a pickup in growth in e-commerce spending that will encourage capital spending in the future.
GXO Logistics: On Track To Achieve FY 2027 EBITDA Target
I maintain a buy rating for GXO due to solid growth prospects, driven by new business wins and improving business confidence. GXO's Q3 revenue grew 27.8% y/y, with organic growth accelerating for the third consecutive quarter, signaling a strong FY25 outlook. The sales pipeline increased 30% y/y to $2.4 billion, with significant new business wins, particularly in eCommerce fulfillment.
GXO Logistics, Inc. (GXO) Q3 2024 Earnings Call Transcript
GXO Logistics, Inc. (NYSE:GXO ) Q3 2024 Earnings Conference Call November 5, 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 Joe Hafling - Jefferies Scott Schneeberger - Oppenheimer Chris Wetherbee - Wells Fargo Ravi Shanker - Morgan Stanley Brian Ossenbeck - JPMorgan Brandon Oglenski - Barclays Bascome Majors - Susquehanna Jason Seidl - TD Cowen Ariel Rosa - Citigroup Tom Wadewitz - UBS Operator Welcome to the GXO Third Quarter 2024 Earnings Conference Call and Webcast. My name is Rob, and I will be your operator for today's call.
GXO Logistics (GXO) Tops Q3 Earnings and Revenue Estimates
GXO Logistics (GXO) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.69 per share a year ago.
UK watchdog finds competition concerns in GXO Logistics-Wincanton deal
Britain's competition watchdog said on Friday the acquisition of Wincanton by U.S.-based warehousing firm GXO Logistics , for 762 million pounds ($983.97 million), could reduce competition and raise prices for customers.
GXO Logistics (GXO) Reports Next Week: Wall Street Expects Earnings Growth
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.
With Shares Surging on Talk of a Buyout, Is GXO Logistics a Buy?
A news report suggests GXO Logistics is seeing buyout interest from multiple parties.
GXO Logistics: Four Reasons Why I Bought The Dip
GXO's stock recently declined as a result of Q2-24 earnings, I view this as an opportunity to buy a high quality business ata great price. GXO is the global leader in logistics contracting serving 1,200 customers located in 27 countries and 30% of fortune 100% companies. GXO has an asset light business model, predictable cash flow generation, and is riding multiyear tailwinds.
3 Stocks Options Traders Safeguarded with Puts After Market Jolt
Most investors tend to panic sell once the market's volatility awakens from its often long sleep. As the S&P 500 or the value of any portfolio starts to decline suddenly like it did last week, the main risk management tool market participants look to is simply to reduce exposure to these positions, and that's typically done by selling out.
