Top Wall Street Forecasters Revamp QXO Expectations Ahead Of Q3 Earnings

QXO, Inc. (NYSE:QXO) will release its third quarter earnings report before the opening bell on Thursday, Nov. 12.

Analysts expect the Greenwich, Connecticut-based company to report quarterly earnings of 14 cents per share, versus 14 cents per share in the year-ago period. The consensus estimate for QXO’s quarterly revenue is $4.88 billion. It reported $2.73 billion last year, according to Benzinga Pro.

On Nov. 9, QXO reported a narrower preliminary third-quarter loss and a sharp increase in net sales.

Shares of QXO rose 0.6% to close at $13.81 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wells Fargo analyst Sam Reid maintained an Overweight rating and cut the price target from $16 to $15 on Oct. 16, 2026. This analyst has an accuracy rate of 67%.
• Truist Securities analyst Keith Hughes maintained a Buy rating and slashed the price target from $26 to $15 on Oct. 8, 2026. This analyst has an accuracy rate of 73%.
• RBC Capital analyst Mike Dahl maintained an Outperform rating and cut the price target from $27 to $18 on Oct. 7, 2026. This analyst has an accuracy rate of 76%.
• DA Davidson analyst Garik Shmois initiated coverage on the stock with a Buy rating and a price target of $26 on Aug. 25, 2026. This analyst has an accuracy rate of 69%.
• Citigroup analyst Anthony Pettinari maintained a Buy rating and cut the price target from $28 to $25 on July 13, 2026. This analyst has an accuracy rate of 71%.

Considering buying QXO stock? Here’s what analysts think:

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