
Please try another search
Based in Seattle, WA, Expeditors International of Washington Inc. (NASDAQ:EXPD) is a leading third-party logistics provider. The company is engaged in the business of global logistics management, including international freight forwarding and consolidation, for both air and ocean freight.
Expeditors’ track record with respect to earnings is a mixed one. The company has delivered a negative earnings surprise in two of the last four quarters.
Zacks Rank: Currently, Expeditors has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Expeditors’ adjusted earnings of 66 cents per share surpassed the Zacks Consensus Estimate of 60 cents per share. Earnings increased 12% on a year over year basis.
Revenue: Revenues came in at $1.8 billion, also beating the Zacks Consensus Estimate of $1.73 billion. Revenues increased 15% from the year-ago figure. Growth was witnessed across all major divisions of the company.
Key Stats: Airfreight Services revenues increased 18.3% year over year to $735.16 million in the third quarter. Ocean Freight and Ocean Services revenues increased 13.7% year over year to $563.39 million. Customs Brokerage and Other Services revenues increased 13.1 % year over year to approximately $503.62 million.
Stock Price: The strong earnings report pleased investors. Consequently, shares of the company were up in pre-market trading at the time of writing.
Check back later for our full write up on this Expeditors earnings report later!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>
Tesla (NASDAQ:TSLA) (NYSE: TSLA), the electric vehicle giant, has recently experienced a significant drop in its stock value, which has fallen nearly 45% since December. This...
Through many years of frustration among gold bugs due to the failure of gold stock prices to leverage the gold prices in a positive way, there were very clear reasons for that...
I know there is the smell of fear in the air when I see my readership double as we reach a point where weekly chart factors come into play. Up until last week, markets have...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.