- Expeditors 1Q EPS beat estimates at $1.17 compared to $1.45 y/y, with an estimate of $1.09.
- Revenue was recorded at $2.21 billion, showing a decrease of 15% from the previous year, falling short of the $2.25 billion estimate.
- Airfreight services registered a revenue of $759.4 million, a decline of 16% y/y, surpassing the $729.2 million estimate.
- Ocean freight and ocean services revenue was $570.8 million, down by 18% y/y, slightly exceeding the $570.1 million estimate.
- Customs brokerage and other services generated a revenue of $876.5 million, down by 11% y/y but higher than the $865.8 million estimate.
- Airfreight tonnage volume increased by 4%.
- Ocean container volume also marked an increase of 2%.
- Operating income was $214.8 million, down by 22% y/y but above the $201.8 million estimate.
- There have been no buys, 9 holds and 8 sells thus far.
A look at Expeditors Intl Wash Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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 Intl Wash, a global logistics company, has been assessed using Smartkarma Smart Scores to determine its long-term outlook. With a score of 2 for Value and Dividend, 3 for Growth and Momentum, and a notable 4 for Resilience, the company shows promise in various aspects. The high Resilience score indicates a strong ability to weather challenges, while the moderate Growth and Momentum scores suggest potential for advancement in the future.
Expeditors Intl Wash offers services such as air and ocean freight forwarding, vendor consolidation, customs clearance, and international logistics. Its overall outlook, as reflected in the Smart Scores, suggests a mixed but generally positive outlook for investors considering long-term investment in the company.
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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