- Expeditors reported second-quarter earnings per share (EPS) of $1.34, surpassing the previous year’s $1.24 and beating the estimate of $1.25.
- Total revenue for Expeditors reached $2.65 billion, marking an 8.7% increase from the previous year and exceeding the estimated $2.44 billion.
- Airfreight services revenue rose to $951.8 million, an 11% year-over-year growth, outperforming the forecasted $846.9 million.
- Revenue from ocean freight and ocean services amounted to $675.8 million, a 3.7% increase, above the anticipated $632.6 million.
- Customs brokerage and other services generated $1.02 billion in revenue, reflecting a 10% year-over-year rise and surpassing the expected $957.8 million.
- Both airfreight tonnage volume and ocean container volume saw a growth of 7% each.
- Operating income was reported at $247.7 million, an 11% year-on-year increase, exceeding the estimate of $223.2 million.
- Stock analyst recommendations include 0 buys, 10 holds, and 8 sells.
A look at Expeditors Intl Wash Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Expeditors International of Washington, Inc., a global logistics company, is positioned for stable long-term growth based on its Smartkarma Smart Scores. With solid scores in Value, Dividend, and Growth, the company is showing promising signs of financial health and potential for future returns. Particularly noteworthy is the high Resilience score, indicating the company’s ability to weather economic uncertainties and maintain its operations effectively. This resilience is further supported by a Momentum score that suggests the company is moving forward steadily. Overall, Expeditors Intl Wash presents a balanced outlook for investors seeking a secure investment in the logistics sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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