XOS (XOS) Set to Announce Quarterly Earnings on Wednesday

XOS (NASDAQ:XOS) will be releasing its earnings data after the market closes on Wednesday, November 13th. Analysts expect XOS to post earnings of ($1.62) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

XOS (NASDAQ:XOS) last announced its earnings results on Tuesday, August 13th. The company reported ($1.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.27) by $1.04. XOS had a negative net margin of 76.21% and a negative return on equity of 84.60%. The firm had revenue of $15.54 million for the quarter, compared to analyst estimates of $18.65 million. On average, analysts expect XOS to post $-6 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

XOS Stock Performance

Shares of XOS opened at $5.00 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.99 and a quick ratio of 2.93. XOS has a one year low of $4.00 and a one year high of $15.00. The firm has a market capitalization of $40.02 million, a PE ratio of -0.65 and a beta of 1.81. The company has a 50-day simple moving average of $4.66 and a two-hundred day simple moving average of $5.99.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on XOS shares. DA Davidson downgraded XOS from a “buy” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $9.00 in a report on Friday, August 16th. Wedbush lowered their target price on XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, August 15th. Northland Capmk raised shares of XOS to a “strong-buy” rating in a research report on Wednesday, October 2nd. Roth Mkm started coverage on shares of XOS in a report on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 target price for the company. Finally, Northland Securities reiterated an “outperform” rating and set a $9.00 price objective (down previously from $16.00) on shares of XOS in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $15.00.

XOS Company Profile

Xos, Inc designs, manufactures, and sells battery-electric commercial vehicles. The company provides class 5-6 medium duty rolling chassis, such as commercial stepvans and armored trucks; class 7-8 heavy duty chassis; and Xos product development. It offers Xos provides mix-use powertrain solutions for off-highway, industrial and other commercial equipment, and specialty vehicles, such as school buses, medical and dental clinics, blood donation vehicles, and mobile command vehicles.