FINWIRES · TerminalLIVE
FINWIRES

XPO's Mid-Q3 Operating Metrics on Track, Oppenheimer Says

By

XPO's (XPO) quarter-to-date tonnage and shipments through August are tracking consistently with expectations for Q3, Oppenheimer said in a Thursday note.

Pricing in the North American less-than-truckload sector has remained steady, Oppenheimer analysts said. They believe that the company continues to advance its yield growth initiatives and expect it to meet their estimated Q3 yield increase of 4.4%.

The analysts forecast a Q3 adjusted operating ratio improvement of 180 basis points from a year ago. The company looks to be on track to achieve its targeted adjusted operating ratio improvement of at least 200 basis points for 2026, according to the note.

The analysts said they remain comfortable with their Q3 estimate for tonnage to rise by 4% and shipments to increase by 5%.

Oppenheimer's rating on the company's stock is outperform.

Price: $192.05, Change: $+7.25, Percent Change: +3.92%

Related Articles

Wire

Vaxcyte Names New Medical and Legal Chiefs Ahead of Key Phase 3 Data

Vaxcyte (PCVX) appointed Luis Jodar as chief medical officer and David McAvoy as chief legal officer, the company said on Thursday.Jodar spent 17 years at Pfizer (PFE), most recently as senior vice president and chief medical officer for Vaccines and Infectious Diseases, the company said.McAvoy joins the company from Teva Pharmaceutical (TEVA), according to a statement.The vaccine developer also said it now expects to report topline data from its phase 3 OPUS-1 trial of VAX-31 in adults by the end of October, narrowing its previous guidance of a Q4 data release.

$PCVX
Wire

eGain Fiscal Q4 Adjusted Earnings, Revenue Fall; Shares Slump After Hours

EGain (EGAN) reported fiscal Q4 adjusted earnings late Thursday of $0.08 per diluted share, down from $0.09 a year earlier.Three analysts polled by FactSet projected $0.03.Revenue in the three months ended June 30 fell to $22.2 million from $23.2 million a year earlier.Three analysts projected $21.7 million.The company expects fiscal Q1 adjusted EPS of $0.05 to $0.08 on revenue of $20.9 million to $21.4 million. Three analysts project EPS of $0.08 on revenue of $22.3 million.For fiscal 2027, eGain expects adjusted EPS of $0.04 to $0.07 on revenue of $84.5 million to $86 million. Three analysts project EPS of $0.43 on revenue of $94.1 million.EGain shares slumped 29% in after-hours trading.

$EGAN
Wire

American Outdoor Brands Fiscal Q1 Swings to Adjusted Earnings, Revenue Rises

American Outdoor Brands (AOUT) reported fiscal Q1 non-GAAP earnings late Thursday of $0.03 per diluted share, swinging from a loss $0.26 year earlier.Two analysts polled by FactSet expected a loss of $0.24.Net sales for the quarter ended July 31 were $37.3 million, up from $29.7 million a year earlier.Two analysts expected $35.6 million.For fiscal 2027, the company maintained its net sales forecast of $200 million to $210 million. Two analysts expect $205.1 million.Shares of the company rose over 16% in after-hours trading.

$AOUT