Insights into Xos's Upcoming Earnings

Xos (NASDAQ:XOS) is preparing to release its quarterly earnings on Wednesday, 2024-11-13. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Xos to report an earnings per share (EPS) of $-1.32.

The announcement from Xos is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Historical Earnings Performance

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%

Xos Share Price Analysis

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 a little upset going into this earnings release.

Analyst Insights on Xos

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Xos.

With 4 analyst ratings, Xos has a consensus rating of Outperform. The average one-year price target is $11.25, indicating a potential 125.0% upside.

Comparing Ratings Among Industry ...