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XPO Logistics Stock: How’s It Trending ahead of 1Q18 Earnings?

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XPO Logistics’ upcoming earnings

XPO Logistics (XPO) is set to announce its 1Q18 earnings on May 2 after market hours. It will hold its conference call on May 3 at 8:30 AM EST. In recent years, XPO has emerged as a top US transportation and logistics carrier. It’s now the second-largest LTL (less-than-truckload) company in the United States.

XPO provides supply-chain solutions that include freight brokerage, LTL services, last-mile services, and other logistics services to more than 50,000 customers.

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XPO stock trend

XPO stock closed at $96.57 on April 26. The Dow Jones Transportation Average Index, the transportation sector benchmark, fell 0.9% that day, closing at 10,413.88. Currently, XPO stock is hovering near its 52-week high of $109.06. It’s trading at a 114% premium to its 52-week low of $48.68.

In the last year, XPO stock has almost doubled investors’ wealth with a ~94% return. In comparison, the SPDR S&P 500 ETF (SPY) has delivered a 13% return during the same period. Now let’s look at the stock returns for XPO’s peers in the same time period.

  • C.H. Robinson Worldwide (CHRW): 25.4%
  • Expeditors International of Washington (EXPD): 12.6%
  • J.B. Hunt Transport Services (JBHT): 29.2%
  • Old Dominion Freight Lines (ODFL): 52.6%
  • YRC Worldwide (YRCW): -22.9%
  • Saia (SAIA): 40.7%

Management changes

On April 23, XPO announced changes to its management with the appointment of Kenneth Wagers as chief operating officer. It also promoted Troy Cooper to the newly created president post from chief operating officer and transportation segment leader.

In this 1Q18 pre-earnings series on XPO Logistics, we’ll be looking at key factors that could impact XPO’s 1Q18 financials and operations. Then we’ll look at analysts’ recommendations for XPO and its peers.

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