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

Expeditors International of Washington

06/08/2024 14:53

* Expeditors International of Washington Inc  EXPD.N 
reported
quarterly adjusted earnings of $1.24​​ per share for the quarter
ended in June, lower than the same quarter last year, when the
company reported EPS of $1.30.  The mean expectation of
fifteen analysts for the quarter was for earnings of $1.26 per
share. Wall Street expected results to range from $1.17 
to $1.42 per share.
    * Revenue rose 8.9% to $2.44 billion from a year ago;
analysts
expected $2.28 billion. 
    * Expeditors International of Washington Inc's reported EPS
for
the quarter was $1.24​.
    * The company reported quarterly net income of $175.45
million.
    * Expeditors International of Washington Inc shares
had fallen
by 2.8% this quarter and lost 4.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 12
"hold" and 5 "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 $113.50 
This summary was machine generated from LSEG data August 6 at
01:53 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
 Jun. 30 2024      1.26           1.24           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