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

Expeditors International of Washington

08/08/2023 15:09

* Expeditors International of Washington Inc  EXPD.OQ 
reported
quarterly adjusted earnings of $1.30​​ per share for the quarter
ended in June. The mean expectation of fourteen analysts for the
quarter was for earnings of $1.38 per share.
    * Revenue fell 51.3% to $2.24 billion from a year ago;
analysts
expected $2.70 billion. 
    * Expeditors International of Washington Inc's reported EPS
for
the quarter was $1.30​.
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Expeditors International of Washington Inc shares
had risen
by 3.0% this quarter and gained 20.1% so far this year.
    * The company reported quarterly net income of $196.8
million.
    * Wall Street's median 12-month price target for Expeditors
International of Washington Inc is $102.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 11
"hold" and 7 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 02:08 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.38           1.30           Missed
 Mar. 31 2023      1.33           1.45           Beat
 Dec. 31 2022      1.96           1.38           Missed
 Sep. 30 2022      1.95           2.54           Beat