Analysts anticipate Xos to report an earnings per share (EPS) of $-1.32.
Xos bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Overview of Past Earnings
The company's EPS beat by $0.76 in the last quarter, leading to a 0.19% drop in the share price on the following day.
Here's a look at Xos's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
-1.99
-2.25
-1.92
-3
EPS Actual
-1.23
-1.80
-2.33
-2.4
Price Change %
-0.0%
14.000000000000002%
3.0%
31.0%
Performance of Xos Shares
Shares of Xos were trading at $5.0 as of November 11. Over the last 52-week period, shares are down 59.11%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
Analyst Opinions on Xos
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Xos.
Analysts have given Xos a total of 4 ratings, with the consensus rating being Outperform. The average one-year price target is $11.25, indicating a ...
