RXO, Inc. to Post Q3 2022 Earnings of $0.26 Per Share, Oppenheimer Forecasts (NYSE:RXO)

RXO, Inc. (NYSE:RXOGet Rating) – Oppenheimer issued their Q3 2022 EPS estimates for shares of RXO in a report released on Tuesday, November 22nd. Oppenheimer analyst S. Schneeberger anticipates that the company will post earnings per share of $0.26 for the quarter. Oppenheimer has a “Outperform” rating and a $21.00 price target on the stock. The consensus estimate for RXO’s current full-year earnings is $1.27 per share. Oppenheimer also issued estimates for RXO’s Q4 2022 earnings at $0.24 EPS, FY2022 earnings at $1.28 EPS, Q1 2023 earnings at $0.20 EPS, Q2 2023 earnings at $0.13 EPS, Q3 2023 earnings at $0.24 EPS, Q4 2023 earnings at $0.27 EPS, FY2023 earnings at $0.84 EPS and FY2024 earnings at $1.03 EPS.

Several other brokerages have also recently commented on RXO. Wolfe Research assumed coverage on shares of RXO in a research report on Thursday, November 10th. They set a “peer perform” rating for the company. Vertical Research assumed coverage on shares of RXO in a report on Monday. They set a “buy” rating and a $27.00 price objective for the company. Stifel Nicolaus assumed coverage on shares of RXO in a report on Friday, November 4th. They set a “buy” rating and a $20.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of RXO in a report on Tuesday. They set a “neutral” rating and a $20.00 price objective for the company. Finally, Stephens assumed coverage on shares of RXO in a report on Wednesday, November 2nd. They set an “equal weight” rating for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.00.

RXO Stock Performance

Shares of NYSE:RXO opened at $19.02 on Thursday. RXO has a one year low of $14.75 and a one year high of $25.50.

RXO Company Profile

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RXO provides truckload freight transportation brokerage in the United States. The company, through a proprietary digital freight marketplace, offers access to truckload capacity and complementary brokered services of managed transportation, last mile, and freight forwarding. The company is based in Charlotte, North Carolina.

See Also

Earnings History and Estimates for RXO (NYSE:RXO)

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