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Expeditors International (EXPD) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Expeditors International (EXPD - Free Report) reported $2.21 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 14.9%. EPS of $1.17 for the same period compares to $1.45 a year ago.
The reported revenue represents a surprise of +1.57% over the Zacks Consensus Estimate of $2.17 billion. With the consensus EPS estimate being $1.10, the EPS surprise was +6.36%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Expeditors International performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Airfreight services: $759.37 million versus $691.04 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -16.1% change.
Revenues- Ocean freight and ocean services: $570.79 million compared to the $514.96 million average estimate based on four analysts. The reported number represents a change of -18.1% year over year.
Net revenues- Ocean freight and ocean services: $156.80 million compared to the $153.70 million average estimate based on four analysts. The reported number represents a change of -26.6% year over year.
Net revenues- Airfreight services: $221.78 million versus the four-analyst average estimate of $176.13 million. The reported number represents a year-over-year change of -7.2%.
Net revenues- Customs brokerage and other services: $394.81 million compared to the $384.40 million average estimate based on four analysts. The reported number represents a change of -6.2% year over year.
Revenues- Customs brokerage and other services: $876.52 million versus the four-analyst average estimate of $865.05 million. The reported number represents a year-over-year change of -11.5%.
Shares of Expeditors International have returned -2.2% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Expeditors International (EXPD) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Expeditors International (EXPD - Free Report) reported $2.21 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 14.9%. EPS of $1.17 for the same period compares to $1.45 a year ago.
The reported revenue represents a surprise of +1.57% over the Zacks Consensus Estimate of $2.17 billion. With the consensus EPS estimate being $1.10, the EPS surprise was +6.36%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Expeditors International performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Airfreight services: $759.37 million versus $691.04 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -16.1% change.
- Revenues- Ocean freight and ocean services: $570.79 million compared to the $514.96 million average estimate based on four analysts. The reported number represents a change of -18.1% year over year.
- Net revenues- Ocean freight and ocean services: $156.80 million compared to the $153.70 million average estimate based on four analysts. The reported number represents a change of -26.6% year over year.
- Net revenues- Airfreight services: $221.78 million versus the four-analyst average estimate of $176.13 million. The reported number represents a year-over-year change of -7.2%.
- Net revenues- Customs brokerage and other services: $394.81 million compared to the $384.40 million average estimate based on four analysts. The reported number represents a change of -6.2% year over year.
- Revenues- Customs brokerage and other services: $876.52 million versus the four-analyst average estimate of $865.05 million. The reported number represents a year-over-year change of -11.5%.
View all Key Company Metrics for Expeditors International here>>>Shares of Expeditors International have returned -2.2% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.