- Expeditors reported earnings per share (EPS) of $1.47 for the first quarter, surpassing last year’s $1.17 and the estimated $1.37.
- The company’s revenue for the quarter reached $2.67 billion, a 21% increase year-over-year, beating the expected $2.51 billion.
- Airfreight services generated $901.8 million, up 19% from the previous year and exceeding the $872 million estimate.
- Ocean freight and ocean services revenue rose by 37% to $781.7 million, outperforming the projected $717.5 million.
- Revenue from customs brokerage and other services increased by 12% to $983.0 million, outpacing the forecasted $919.6 million.
- Airfreight tonnage volume grew by 9%, while ocean container volume saw an 8% rise.
- Operating income for the quarter was $265.9 million, a 24% increase year-over-year, surpassing the estimated $243.1 million.
- The stock has zero buy ratings, eleven holds, and seven sells.
A look at Expeditors Intl Wash Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| 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. shows a solid long-term outlook according to the Smartkarma Smart Scores. With a respectable score in Value and Dividend factors, the company is deemed to be holding its ground in terms of financial health and investor returns. Moreover, scoring well in Growth, Resilience, and Momentum, Expeditors Intl Wash seems to be on a promising trajectory for future development and market adaptability. The company’s focus on global logistics services, including air and ocean freight forwarding, customs clearance, and distribution, positions it favorably in the ever-evolving international trade landscape.
With its strong performance in key Smartkarma Smart Scores, Expeditors International of Washington, Inc. appears to be a robust player in the logistics industry. Garnering high scores in Resilience and Momentum, the company demonstrates a capacity to weather uncertainties and maintain steady growth. Additionally, its notable score in Growth highlights a potential for expansion and innovation in its service offerings. Positioned as a global logistics provider offering a range of essential services, Expeditors Intl Wash seems poised to navigate the complexities of international trade and capitalize on emerging opportunities in the market.
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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