Northland Capmk Comments on Xos, Inc.’s Q2 2024 Earnings (NASDAQ:XOS)
Xos, Inc. (NASDAQ:XOS – Free Report) – Investment analysts at Northland Capmk issued their Q2 2024 EPS estimates for XOS in a research note issued on Thursday, May 16th. Northland Capmk analyst D. Schafer forecasts that the company will earn ($2.01) per share for the quarter. The consensus estimate for XOS’s current full-year earnings is ($8.16) per share. Northland Capmk also issued estimates for XOS’s Q3 2024 earnings at ($1.79) EPS, Q4 2024 earnings at ($1.82) EPS, FY2024 earnings at ($7.42) EPS and FY2025 earnings at ($4.71) EPS. Separately, DA Davidson upgraded shares of XOS from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, April 1st. Read Our Latest Analysis on XOS XOS Stock Performance Shares of NASDAQ:XOS opened at $8.45 on Monday. The business has a fifty day moving average of $9.20 and a 200-day moving average of $8.81. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.73 and a current ratio of 5.06. XOS has a twelve month low of $5.50 and a twelve month high of $19.80. The firm has a market cap of $65.49 million, a PE ratio of -0.79 and a beta of 1.89. XOS (NASDAQ:XOS – Get Free Report) last posted its earnings results on Thursday, March 21st. The company reported ($2.33) earnings per share for the quarter, topping the consensus estimate of ($2.40) by $0.07. The business had revenue of $18.38 million for the quarter, compared to analyst estimates of $18.50 million. XOS had a negative net margin of 117.98% and a negative return on equity of 104.27%. About XOS (Get Free Report) Xos, Inc designs, manufactures, and sells battery-electric commercial vehicles. The company provides class 5-6 medium duty rolling chassis, such as commercial stepvans and armored trucks; class 7-8 heavy duty chassis; and Xos product development. It offers Xos provides mix-use powertrain solutions for off-highway, industrial and other commercial equipment, and specialty vehicles, such as school buses, medical and dental clinics, blood donation vehicles, and mobile command vehicles.
