Here's What Key Metrics Tell Us About XPO (XPO) Q4 Earnings

For the quarter ended December 2023, XPO (XPO) reported revenue of $1.94 billion, up 6% over the same period last year. EPS came in at $0.77, compared to $0.98 in the year-ago quarter.

The reported revenue represents a surprise of +2.21% over the Zacks Consensus Estimate of $1.9 billion. With the consensus EPS estimate being $0.61, the EPS surprise was +26.23%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how XPO performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Adjusted operating ratio: 86.5% versus the three-analyst average estimate of 88.1%.
• Number of Working Days: 61 versus 61 estimated by three analysts on average.
• Shipments per Day: 51,382 versus the three-analyst average estimate of 50,894.
• Average Weight per Shipment: 1,350 lbs compared to the 1,349.07 lbs average estimate based on three analysts.
• Gross revenue per hundredweight (including fuel surcharges): $28.60 versus $28.09 estimated by two analysts on average.
• Gross revenue per hundredweight (excluding fuel surcharges): $23.37 versus $23.15 estimated by two analysts on average.
• Operating Ratio: 87.4% versus 91.1% estimated by two analysts on average.
• Pounds per day: 69.36 million versus the two-analyst average estimate of 69.13 million.
• Revenues- European Transportation Segment: $753 million versus the five-analyst average estimate of $748.30 million.
• Revenue- North American Less-Than-Truckload Segment: $1.19 billion compared to the $1.15 billion average estimate based on five analysts. The reported number represents a change of +8.6% year over year.
• Adjusted EBITDA- North American Less-Than-Truckload Segment: $233 million versus the five-analyst average estimate of $211.81 million.
• Adjusted EBITDA- Corporate: -$5 million versus the five-analyst average estimate of -$6 million.

*Zacks Names "Single Best Pick to Double"

*From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

*It’s credited with a "watershed medical breakthrough" and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.

*It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research