GXO Logistics saw a 18.9% revenue increase in Q2 2021 but missed earnings per share estimates.
GXO Logistics saw mixed adjustments from institutional investors in Q2 2021, with notable changes in holdings. The company reported $2.85 billion in revenue, an 18.9% year-over-year increase, but its earnings per share of $0.55 fell short of estimates. Analysts maintain a "Moderate Buy" rating with an average target of $67.45. Hedge funds and institutions hold 90.67% of the stock, reflecting strong investor interest in the logistics sector.
September 21, 2024
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