Xos Inc reports results for the quarter - Earnings Summary

• Xos Inc XOS.OQ reported a quarterly adjusted loss of 93 cents​​ per share for the quarter , higher than the same quarter last year, when the company reported EPS of $-2.40. The mean expectation of five analysts for the quarter was for a loss of $1.35 per share. Wall Street expected results to range from $-1.72 to $-1.06 per share.

• Revenue fell 5.4% to $15.79 million from a year ago; analysts expected $22.80 million.

• Xos Inc's reported EPS for the quarter was a loss of $1.32​.

• The company reported a quarterly loss of $10.51 million.

• Xos Inc shares had risen by 13.0% this quarter and lost 35.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.4% 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," 2 "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 10.50

This summary was machine generated from LSEG data November 14 at 03:55 a.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)