From Nasdaq:

Xos, Inc. (XOS) reported a quarterly loss of $2.33 per share, beating the Zacks Consensus Estimate of a loss of $2.40 per share. The company’s revenues for December 2023 were $18.38 million, missing estimates by 0.67%. Xos shares have risen by 50.4% this year. What’s next for Xos?

The Zacks Rank for Xos is currently #2 (Buy), indicating a favorable trend in earnings estimate revisions. The current consensus EPS estimate for the company is -$2.10 for the next quarter. The Zacks Industry Rank for Automotive – Domestic is in the top 29% of industries, showing potential for the stock to outperform.

Tesla (TSLA) is expected to report quarterly earnings of $0.64 per share, down 24.7% year-over-year. Revenue is forecasted to be $25.4 billion, an 8.9% increase from last year. This stock, along with four others, is predicted to double in value in 2024. Tesla’s earnings estimate has been revised 5.2% lower over the last 30 days.



Read more at Nasdaq: Xos, Inc. (XOS) Reports Q4 Loss, Lags Revenue Estimates