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Expeditors International of Washington, Inc. (EXPD) - free report >>
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Expeditors International of Washington, Inc. (EXPD) - free report >>
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Expeditors (EXPD) Misses on Earnings in Q1
Based in Seattle, WA, Expeditors International of Washington Inc. (EXPD - Free Report) is a leading third-party logistics provider. Expeditors’ track record with respect to earnings is a mixed one. The company has delivered a positive earnings surprise in two of the last four quarters, lagging expectations in the other two.
Zacks Rank: Currently, Expeditors has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Expeditors’ adjusted earnings of 52 cents per share fell short of the Zacks Consensus Estimate of 56 cents per share. Earnings also declined on a year over year basis.
Expeditors International of Washington, Inc. Price and EPS Surprise
Expeditors International of Washington, Inc. Price and EPS Surprise | Expeditors International of Washington, Inc. Quote
Revenue: Revenues came in at $1,545.1 million beating the Zacks Consensus Estimate of $1,524.7 million. Revenues improved 8.93% from the year-ago figure.
Key Stats: Airfreight Services revenues improved 9.7% year over year to $615.5 million in the first quarter. Ocean Freight and Ocean Services revenues increased 8.7% year over year to $493.8 million. Customs Brokerage and Other Services revenues increased 8 % year over year to approximately $435.8 million.
Stock price: The earnings miss disappointed investors. Consequently, the stock was down in pre-market trading at the time of writing.
Check back later for our full write up on this Expeditors earnings report later!
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