Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Expeditors International of Washington, Inc. (EXPD) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Expeditors International of Washington, Inc. (EXPD) - free report >>
Image: Bigstock
Expeditors (EXPD) Beats on Earnings in Q2
Based in Seattle, WA, Expeditors International of Washington Inc. (EXPD - Free Report) is a leading third-party logistics provider. The company is engaged in the business of global logistics management, including international freight forwarding and consolidation, for both air and ocean freight.
Expeditors’ track record with respect to earnings is an impressive one. The company has delivered a positive earnings surprise in three of the last four quarters. The trailing four-quarter average beat is 4.55%.
Zacks Rank: Currently, Expeditors has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Expeditors’ adjusted earnings of 63 cents per share beat the Zacks Consensus Estimate of 59 cents per share. Earnings increased 3% on a year over year basis.
EXPEDITORS INTL Price and EPS Surprise
EXPEDITORS INTL Price and EPS Surprise | EXPEDITORS INTL Quote
Revenue: Revenues came in at $1.47 billion falling short of the Zacks Consensus Estimate of$1.61 billion. Revenues declined 13% from the year-ago figure.
Key Stats: Airfreight Services revenues declined 16.1% year over year to $582.1 million in the second quarter. Ocean Freight and Ocean Services revenues decreased 19.4% year over year to $464.7 million. Customs Brokerage and Other Services revenues increased 1.7 % year over year to approximately $428.4 million.
Check back later for our full write up on this Expeditors earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>