Xos, Inc. (XOS) Reports Q3 Loss, Misses Revenue Estimates

Group 1: Earnings Performance - Xos, Inc. reported a quarterly loss of $1.32 per share, which was better than the Zacks Consensus Estimate of a loss of$ 1.39, and an improvement from a loss of $2.40 per share a year ago, resulting in an earnings surprise of 5.04% [1] - The company has surpassed consensus EPS estimates for the last four quarters, but reported revenues of$ 15.79 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 28.67% and down from $16.7 million year-over-year [2] Group 2: Stock Performance and Outlook - Xos shares have declined approximately 35.6% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] Group 3: Earnings Estimates and Industry Context - The current consensus EPS estimate for the upcoming quarter is -$ 1.34 on revenues of $25.16 million, and for the current fiscal year, it is -$ 5.37 on revenues of $75.99 million [7] - The Automotive - Domestic industry, to which Xos belongs, is currently ranked in the bottom 27% of over 250 Zacks industries, indicating potential challenges for stock performance [8]