RXO, Inc. (NYSE:RXO) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year’s statutory forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analysts modelling a real improvement in business performance.
Following the upgrade, the current consensus from RXO’s four analysts is for revenues of US$4.6b in 2024 which – if met – would reflect a sizeable 21% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 77% to US$0.03. Yet before this consensus update, the analysts had been forecasting revenues of US$3.8b and losses of US$0.12 per share in 2024. We can see there’s definitely been a change in sentiment in this update, with the analysts administering a sizeable upgrade to this year’s revenue estimates, while at the same time…
