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XPO Logistics’ 2Q17 Earnings Disappoint: Stock Moves Sideways

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XPO Logistics’ 2Q17 Earnings Disappoint: Stock Moves Sideways PART 1 OF 6

XPO Logistics’ 2Q17 Earnings Missed Estimate

XPO’s 2Q17 earnings

XPO Logistics (XPO), an emerging trucking giant, announced its 2Q17 earnings on August 2, 2017, after the markets closed. The company held its conference call with investors and analysts on the next day. XPO’s adjusted EPS (earning per share) was $0.60 against Reuter-surveyed analysts’ estimate of slightly above the adjusted EPS in the same quarter. The company marginally missed the analysts’ estimate by 0.60%.

On a year-over-year basis, XPO Logistics had a ~43.0% rise in its 2Q17 earnings to $0.60 from $0.42 in the second quarter last year.

XPO Logistics&#8217; 2Q17 Earnings Missed Estimate

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XPO’s future plans

XPO Logistics catapulted into a leading logistics company worldwide with three big-bang acquisitions in 2015. The company has almost completed the integration of these companies into its business lines. XPO is mulling another set of acquisitions worth $8.0 billion in the coming quarters. Investors interested in the trucking (IYJ) industry should closely watch XPO’s actions in the near term.

On August 3, 2017, XPO stock rose to $60.50 per share intra-day. However, after that, it fell further and further to close at $58 on August 7, 2017. Let’s see how XPO’s peers fared on the same date.

  • FedEx (FDX): fell 0.50%
  • United Parcel Service (UPS): fell 0.20%
  • C.H. Robinson Worldwide (CHRW): fell 1.0%
  • ArcBest (ARCB): rose 1.3%

Management thoughts

In the words of XPO’s CEO (chief executive officer) Bradley Jacobs, “Our strong start to the year accelerated in the second quarter, with record results for revenue, net income and adjusted EBITDA. The most notable growth came in last mile and contract logistics – two fast-growing parts of the supply chain where we hold leading positions in e-commerce. Importantly, we’re continuing to grow adjusted EBITDA faster than revenue in both transportation and logistics.”

In this post-earning series on XPO Logistics, we’ll review its segmental performances in 2Q17. We’ll wind up the series with analysts’ take on the company and its peers after 2Q17.

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