Oppenheimer Equities Analysts Increase Earnings Estimates for GXO Logistics, Inc. (NYSE:GXO)

GXO Logistics, Inc. (NYSE:GXO – Get Rating) – Analysts at Oppenheimer increased their FY2022 EPS estimates for GXO Logistics in a research note issued to investors on Sunday, May 8th. Oppenheimer analyst S. Schneeberger now anticipates that the company will post earnings of $2.78 per share for the year, up from their prior forecast of $2.71. Oppenheimer also issued estimates for GXO Logistics’ Q4 2022 earnings at $0.84 EPS and FY2023 earnings at $3.20 EPS. GXO Logistics (NYSE:GXO – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. GXO Logistics had a net margin of 2.15% and a return on equity of 9.11%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the company earned $0.37 EPS. GXO Logistics’s revenue was up 14.3% on a year-over-year basis.

Ocugen (NASDAQ:OCGN) PT Lowered to $3.50

Ocugen (NASDAQ:OCGN – Get Rating) had its price target reduced by Chardan Capital from $4.00 to $3.50 in a report released on Monday, The Fly reports. The firm presently has a “neutral” rating on the stock. Chardan Capital’s price target would suggest a potential upside of 62.04% from the stock’s previous close.

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