A month has gone by since the last earnings report for Expeditors International (EXPD Quick QuoteEXPD - Free Report) . Shares have added about 7.4% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Expeditors International due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Expeditors International of Washington, Inc. before we dive into how investors and analysts have reacted as of late.

Expeditors' Q3 Earnings Surpass Estimates

Expeditors International of Washington’s third-quarter 2025 earnings of $1.64 per share beat the Zacks Consensus Estimate of $1.40. The bottom line also increased 0.6% year over year. Total revenues of $2.89 billion beat the Zacks Consensus Estimate of $2.68 billion but decreased 4% year over year, due to weakness in ocean freight and services.

Airfreight tonnage volume increased 4% during the quarter, while ocean container volume decreased 3%. Operating income decreased 4% year over year to $288 million. Total operating expenses slid 3.5% year over year to $2.6 billion.

Airfreight Services revenues increased 3.4% year over year to $1 billion in the third quarter of 2025, driven by growth of airfreight tonnage on exports, mainly from North and South Asia. Ocean freight and ocean services revenues plummeted 26.7% year over year to $746.1 million. Pricing volatility and lower volumes hurt segmental results. Customs Brokerage and other services revenues increased 13.5% year over year to $1.13 billion, with all the businesses in this category exhibiting strong growth.

During the third quarter of 2025, EXPD rewarded its shareholders to the tune of $212 million through share buybacks. The transportation company returned $725 million to its shareholders through share repurchases and dividends year to date. EXPD exited the third quarter with cash and cash equivalents of $1.19 billion compared with $1.15 billion at the 2024 end.

How Have Estimates Been Moving Since Then?

Since the earnings release, investors have witnessed a upward trend in estimates review.

The consensus estimate has shifted 13.51% due to these changes.

VGM Scores

At this time, Expeditors International has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Expeditors International has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.

Performance of an Industry Player

Expeditors International is part of the Zacks Transportation - Services industry. Over the past month, C.H. Robinson Worldwide (CHRW Quick QuoteCHRW - Free Report) , a stock from the same industry, has gained 4.2%. The company reported its results for the quarter ended September 2025 more than a month ago.

C.H. Robinson reported revenues of $4.14 billion in the last reported quarter, representing a year-over-year change of -10.9%. EPS of $1.40 for the same period compares with $1.28 a year ago.

For the current quarter, C.H. Robinson is expected to post earnings of $1.11 per share, indicating a change of -8.3% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.2% over the last 30 days.

C.H. Robinson has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.