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Investors Business Daily
Investors Business Daily
Business
KIT NORTON

Stock Market Earnings Briefs: Texas Roadhouse In Buy Zone, XPO Surges, After Q1 Reports

Several companies, including Texas Roadhouse and Fluor, made early moves in the stock market Friday after reporting first-quarter earnings and revenue.

  • Texas Roadhouse Q1 earnings grew 32% to $1.69 with revenue totaling $1.32 billion, up 13% compared to Q1 2023. The earnings results  late Thursday came in above expectations while the company met analysts' sales forecast. Meanwhile, fellow restaurant stock Shake Shack also better-than-expected EPS but missed revenue expectations early Thursday.

 

  • Trucking and logistics leader XPO surged around 10% early Friday in pre-stock market trading after topping first-quarter earnings and revenue expectations. XPO Q1 EPS increased 45% to 81 cents with sales growing 6% to $2.02 billion. Analysts expected earnings of 67 cents per share and revenue of $2.01 billion.
  • As XPO advanced higher on earnings, Fluor stock sank around 7% early in stock market action after reporting worse-than-predicted earnings and revenue Friday. The engineering and construction firm saw first-quarter EPS grow 68% to 47 cents per share while sales slightly declined to $3.73 billion. Analysts had forecast EPS of 54 cents and $3.99 billion in sales.

FLR stock has an official 43.10 buy point from a cup-with-handle base, according to MarketSurge analysis. Meanwhile, Texas Roadhouse stock is in a buy zone from a flat base buy point of 157.12.

Texas Roadhouse stock has a perfect 99 Composite Rating out of a best-possible 99. Shares also have a 92 Relative Strength Rating and an 88 EPS Rating.

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