Xos Inc reports results for the quarter ended in June - Earnings Summary

Reuters08-14

* Xos Inc reported a quarterly adjusted loss of $1.02​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of $-4.20. The mean expectation of four analysts for the quarter was for a loss of $1.99 per share. Wall Street expected results to range from $-2.02 to $-1.94 per share.

* Revenue rose 226.8% to $15.54 million from a year ago; analysts expected $16.54 million.

* Xos Inc's reported EPS for the quarter was a loss of $1.23​.

* The company reported a quarterly loss of $9.66 million.

* Xos Inc shares had fallen by 24.9% this quarter and lost 35.0% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 6.1% in the last three months.​

* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the auto & truck manufacturers peer group is also "buy"

Wall Street's median 12-month price target for Xos Inc is $16.50 This summary was machine generated from LSEG data August 13 at 09:21 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Jun. 30 2024 -1.99 -1.02 Beat

Mar. 31 2024 -2.25 -1.80 Beat

Dec. 31 2023 -1.92 -2.33 Missed

Sep. 30 2023 -2.91 -2.40 Beat

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