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, having lagged 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 seethe 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 60 cents per share, thereby meeting the Zacks Consensus Estimate. Earnings declined 4.76% on a year over year basis due to higher costs.
Revenue: Revenues came in at $1,672 million beating the Zacks Consensus Estimate of$1,633 million. Revenues improved 13% from the year-ago figure.
Key Stats: Airfreight Services revenues improved 15.4% year over year to $671.9 million in the second quarter. Ocean Freight and Ocean Services revenues increased 13.7% year over year to $528.6 million. Customs Brokerage and Other Services revenues increased 10.1 % year over year to approximately $471.8 million.
Check back later for our full write up on this Expeditors earnings report later!
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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, having lagged 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 seethe 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 60 cents per share, thereby meeting the Zacks Consensus Estimate. Earnings declined 4.76% on a year over year basis due to higher costs.
Revenue: Revenues came in at $1,672 million beating the Zacks Consensus Estimate of$1,633 million. Revenues improved 13% from the year-ago figure.
Key Stats: Airfreight Services revenues improved 15.4% year over year to $671.9 million in the second quarter. Ocean Freight and Ocean Services revenues increased 13.7% year over year to $528.6 million. Customs Brokerage and Other Services revenues increased 10.1 % year over year to approximately $471.8 million.
Check back later for our full write up on this Expeditors earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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