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

Expeditors International of Washington

07/05/2024 14:31

* Expeditors International of Washington Inc  EXPD.N 
reported
quarterly adjusted earnings of $1.17​​ per share for the quarter
ended in January, lower than the same quarter last year, when
the company reported EPS of $1.45.  The mean expectation of
fourteen analysts for the quarter was for earnings of $1.08 per
share. Wall Street expected results to range from 94 cents
to $1.24 per share.
    * Revenue fell 14.9% to $2.21 billion from a year ago;
analysts
expected $2.22 billion. 
    * Expeditors International of Washington Inc's reported EPS
for
the quarter was $1.17​.
    * The company reported quarterly net income of $169.15
million.
    * Expeditors International of Washington Inc shares
had fallen
by 4.9% this quarter and lost 9.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 9
"hold" and 8 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Expeditors
International of Washington Inc is $110.00 

This summary was machine generated from LSEG data May 7 at 01:30
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
 Mar. 31 2024      1.08           1.17           Beat
 Dec. 31 2023      1.23           1.09           Missed
 Sep. 30 2023      1.28           1.24           Missed
 Jun. 30 2023      1.38           1.30           Missed