Expeditors International Of Washington, Inc (EXPD) Earnings Report Tomorrow
Logistics and freight forwarding company Expeditors (NYSE:EXPD) is set to unveil its earnings results this Tuesday before the market opens. Here’s what investors need to know.
In the previous quarter, Expeditors surpassed analysts’ revenue expectations, reporting revenues of $2.89 billion, a decline of 3.5% year-over-year. The quarter was remarkable for the company, with significant beats on both EBITDA and adjusted operating income estimates.
Analysts’ Expectations for This Quarter
This quarter, analysts anticipate a similar decline in revenue, projecting a 3.4% year-over-year drop, contrasting sharply with the impressive 29.7% increase recorded in the same quarter last year.
Over the past 30 days, analysts covering Expeditors have largely maintained their estimates, indicating a stable outlook heading into earnings. However, it is notable that Expeditors has missed Wall Street’s revenue estimates multiple times over the last two years.
A glimpse into the performance of peers in the transportation and logistics segment provides further insight. United Parcel Service (UPS) recently reported a 3.2% year-over-year revenue decline, exceeding expectations by 1.8%, while C.H. Robinson Worldwide experienced a 6.5% revenue drop, falling short of estimates by 1.9%. Following the results, UPS shares fell by 3.1%, whereas C.H. Robinson saw a rise of 5.1%.
For a comprehensive analysis of United Parcel Service’s results, click here, and for insights into C.H. Robinson Worldwide’s performance, click here.
Market Sentiment and Analyst Price Targets
Investor sentiment appears positive in the transportation and logistics sector, with share prices increasing by an average of 7.1% over the last month. In contrast, Expeditors has seen a slight decrease of 1.6% during this period, approaching earnings with an average analyst price target of $140.47, compared to its current share price of $156.34.
When companies find themselves with excess cash, initiating share buybacks can be a sensible strategy—provided the timing is right. For instance, we’ve identified a low-priced stock generating substantial free cash flow while also repurchasing shares.
Discover more about this intriguing growth story that is showing signs of recovery from previous setbacks by clicking here.