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Is a Beat in Store for Expeditors (EXPD) in Q1 Earnings?
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Expeditors International of Washington Inc (EXPD - Free Report) is scheduled to report first-quarter 2021 results on May 4.
The Zacks Consensus Estimate for the company’s first-quarter earnings has been revised upward by approximately 3% in the past 60 days. Moreover, the company has an impressive earnings history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters. It has a trailing four-quarter earnings surprise of 23.9%, on average.
Let’s see whether the company is able to retain its beat streak in its upcoming quarterly results.
Expeditors International of Washington, Inc. Price and EPS Surprise
Pandemic-induced cancellation of multiple passenger flights (that usually carry freight as well as passenger luggage) has increased the usage of charters to meet customer needs. This is expected to have boosted Airfreight Services revenues, as has been the case in the past few quarters. The anticipated rise in revenues in the Airfreight Services segment, Expeditors’ primary revenue generator, is likely to have driven the top line in the first quarter as well.
Notably, the Zacks Consensus Estimate for total revenues in the first quarter indicates a 26.5% jump from the year-ago quarter’s reported number.
However, coronavirus-led slowdown in the economy has been exerting pressure on Expeditors’ volumes. Additionally, sharp increase in Expeditors’ operating expenses might have had hurt the company’s bottom-line performance.
Earnings Whispers
The proven Zacks model predicts an earnings beat for Expeditors this time around. This is because the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: Expeditors has an earnings ESP of +4.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Expeditors carries a Zacks Rank #2.
Highlights of Q4 Earnings
Expeditors' earnings of $1.16 per share surpassed the Zacks Consensus Estimate of $1.04 and also increased 43.2% on a year-over-year basis. Also, the top line rallied 55% year over year to $3,169.2 million and surpassed the Zacks Consensus Estimate of $2,397 million. The uptick in airfreight revenues boosted results.
Stocks to Consider
Investors interested in the broader Transportation sector may consider SkyWest, Inc. (SKYW - Free Report) , Werner Enterprises, Inc. (WERN - Free Report) and Westinghouse Air Brake Technologies Corporation (WAB - Free Report) as these stocks possess the right combination of elements to beat on earnings this reporting cycle.
SkyWest has an Earnings ESP of +35.34% and a Zacks Rank of 3, currently. The company is set to release first-quarter 2021 earnings numbers on Apr 29.
Werner has an Earnings ESP of +2.78% and a Zacks Rank of 3 at present. The company will release first-quarter 2021 results on Apr 28.
Westinghouse Air Brake Technologies has an Earnings ESP of +5.33% and is Zacks #2 Ranked, presently. The company will release first-quarter 2021 results on Apr 29.
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Is a Beat in Store for Expeditors (EXPD) in Q1 Earnings?
Expeditors International of Washington Inc (EXPD - Free Report) is scheduled to report first-quarter 2021 results on May 4.
The Zacks Consensus Estimate for the company’s first-quarter earnings has been revised upward by approximately 3% in the past 60 days. Moreover, the company has an impressive earnings history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters. It has a trailing four-quarter earnings surprise of 23.9%, on average.
Let’s see whether the company is able to retain its beat streak in its upcoming quarterly results.
Expeditors International of Washington, Inc. Price and EPS Surprise
Expeditors International of Washington, Inc. price-eps-surprise | Expeditors International of Washington, Inc. Quote
Factors to Note
Pandemic-induced cancellation of multiple passenger flights (that usually carry freight as well as passenger luggage) has increased the usage of charters to meet customer needs. This is expected to have boosted Airfreight Services revenues, as has been the case in the past few quarters. The anticipated rise in revenues in the Airfreight Services segment, Expeditors’ primary revenue generator, is likely to have driven the top line in the first quarter as well.
Notably, the Zacks Consensus Estimate for total revenues in the first quarter indicates a 26.5% jump from the year-ago quarter’s reported number.
However, coronavirus-led slowdown in the economy has been exerting pressure on Expeditors’ volumes. Additionally, sharp increase in Expeditors’ operating expenses might have had hurt the company’s bottom-line performance.
Earnings Whispers
The proven Zacks model predicts an earnings beat for Expeditors this time around. This is because the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: Expeditors has an earnings ESP of +4.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Expeditors carries a Zacks Rank #2.
Highlights of Q4 Earnings
Expeditors' earnings of $1.16 per share surpassed the Zacks Consensus Estimate of $1.04 and also increased 43.2% on a year-over-year basis. Also, the top line rallied 55% year over year to $3,169.2 million and surpassed the Zacks Consensus Estimate of $2,397 million. The uptick in airfreight revenues boosted results.
Stocks to Consider
Investors interested in the broader Transportation sector may consider SkyWest, Inc. (SKYW - Free Report) , Werner Enterprises, Inc. (WERN - Free Report) and Westinghouse Air Brake Technologies Corporation (WAB - Free Report) as these stocks possess the right combination of elements to beat on earnings this reporting cycle.
SkyWest has an Earnings ESP of +35.34% and a Zacks Rank of 3, currently. The company is set to release first-quarter 2021 earnings numbers on Apr 29.
Werner has an Earnings ESP of +2.78% and a Zacks Rank of 3 at present. The company will release first-quarter 2021 results on Apr 28.
Westinghouse Air Brake Technologies has an Earnings ESP of +5.33% and is Zacks #2 Ranked, presently. The company will release first-quarter 2021 results on Apr 29.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
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