- Expeditors’ 2Q earnings per share (EPS) was $1.24, missing the estimated $1.26 and lower than last year’s $1.30.
- Total revenue reached $2.44 billion, a significant 8.9% increase year-over-year (y/y), surpassing the estimate of $2.3 billion.
- Airfreight services revenue surged to $860.3 million, marking a 15% increase y/y and exceeding the estimate of $758.9 million.
- Ocean freight & ocean services revenue grew to $651.7 million, a rise of 9.7% y/y, and was above the estimated $582.4 million.
- Customs brokerage and other services revenue came in at $927.0 million, up 3.6% y/y, ahead of the estimated $893.9 million.
- Airfreight tonnage volume increased by 15%.
- Ocean container volume decreased by 3%.
- Operating income was $223.9 million, a decline of 9.9% y/y, and below the estimate of $231.2 million.
- Analyst recommendations include 0 buys, 11 holds, and 6 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. is a global logistics company with a Smartkarma Smart Score indicating a positive long-term outlook. With solid scores in Resilience and Momentum, the company shows strength in weathering challenges and maintaining positive performance trends over time. This suggests that Expeditors Intl Wash is well-positioned to adapt to market fluctuations and capitalize on growth opportunities.
Although scoring lower in Value and Dividend, the company’s higher scores in Growth point towards potential for expansion and development in the future. Overall, with a mix of strengths in resilience, momentum, and growth, Expeditors Intl Wash appears poised for long-term success in the competitive logistics industry.
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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