XPO Logistics Announces First Quarter 2021 Results
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XPO Logistics (XPO) PT Raised to $169 at Cowen
May 5, 2021 6:27 AM EDTCowen analyst Jason Seidl raised the price target on XPO Logistics (NYSE: XPO) to $169.00 (from $157.00) while maintaining an Outperform rating.
The analyst commented, "Large contract wins and a continued lean into technology were the highlights of 1Q. Outlook is robust off a healthy... More
XPO Logistics (XPO) Tops Q1 EPS by 5c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
May 3, 2021 4:22 PM EDTXPO Logistics (NYSE: XPO) reported Q1 EPS of $1.02, $0.05 better than the analyst estimate of $0.97. Revenue for the quarter came in at $4.77 billion versus the consensus estimate of $4.33 billion.
CEO Comments
Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, In the first quarter, we reported the highest revenue of any quarter in our history, appreciably outpacing a macro thats recovering faster than expected. Our net income and adjusted EBITDA were both first quarter records, and we grew adjusted EPS by 112% year-over-year.
Our truck brokerage business is continuing to... More
