Q3 Earnings Outperformers: GXO Logistics (NYSE:GXO) And The Rest Of The Air Freight and Logistics Stocks [Yahoo! Finance]
GXO Logistics, Inc. (GXO)
Company Research
Source: Yahoo! Finance
The growth of e-commerce and global trade continues to drive demand for expedited shipping services, presenting opportunities for air freight companies. The industry continues to invest in advanced technologies such as automated sorting systems and real-time tracking solutions to enhance operational efficiency. Despite the advantages of speed and global reach, air freight and logistics companies are still at the whim of economic cycles. Consumer spending, for example, can greatly impact the demand for these companies' offerings while fuel costs can influence profit margins. The 7 air freight and logistics stocks we track reported a mixed Q3. As a group, revenues beat analysts' consensus estimates by 2% while next quarter's revenue guidance was 19.3% below. In light of this news, share prices of the companies have held steady as they are up 1.5% on average since the latest earnings results. With notable customers such as Nike and Apple, GXO (NYSE:GXO) manages outsourced supply c
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GXO
News
- New Survey Reveals Half of Brits to rely on Black Friday for Festive Gift Purchases [Yahoo! Finance]Yahoo! Finance
- GXO Logistics, Inc. (NYSE: GXO) had its price target raised by analysts at Barclays PLC from $55.00 to $60.00. They now have an "equal weight" rating on the stock.MarketBeat
- Some Investors May Be Willing To Look Past GXO Logistics' (NYSE:GXO) Soft Earnings [Yahoo! Finance]Yahoo! Finance
- 5 ‘Sleeper Stocks' You Might Not Know About — but Could Pay Big in 2025 [Yahoo! Finance]Yahoo! Finance
- GXO Logistics, Inc. (NYSE: GXO) had its price target raised by analysts at UBS Group AG from $66.00 to $72.00. They now have a "buy" rating on the stock.MarketBeat
GXO
Earnings
- 11/4/24 - In-Line
GXO
Sec Filings
- 11/14/24 - Form SC
- 11/5/24 - Form 10-Q
- 11/4/24 - Form 8-K
- GXO's page on the SEC website