Expeditors International of Washington Inc reports results for the quarter ended in December - Earnings Summary

Expeditors International of Washington

20/02/2024 15:48

* Expeditors International of Washington Inc  EXPD.N 
reported
quarterly adjusted earnings of $1.09​​ per share for the quarter
ended in December, lower than the same quarter last year, when
the company reported EPS of $1.38.  The mean expectation of
sixteen analysts for the quarter was for earnings of $1.23 per
share. Wall Street expected results to range from $1.18 
to $1.30 per share.
    * Revenue fell 33.8% to $2.28 billion from a year ago;
analysts
expected $2.31 billion. 
    * Expeditors International of Washington Inc's reported EPS
for
the quarter was $1.09​.
    * The company reported quarterly net income of $158.72
million.
    * Expeditors International of Washington Inc shares
had fallen
by 2.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 9
"hold" and 9 "sell" or "strong sell." 
    * The average consensus recommendation for the courier,
postal,
air freight & land-based logistics peer group is also "hold"

Wall Street's median 12-month price target for Expeditors
International of Washington Inc is $105.00 
This summary was machine generated from LSEG data February 20 at
03:47 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.23           1.09           Missed
 Sep. 30 2023      1.28           1.24           Missed
 Jun. 30 2023      1.38           1.30           Missed
 Mar. 31 2023      1.33           1.45           Beat