EXPD's top line is bolstered by strong segmental performance. However, geopolitical uncertainties and elevated operating expenses are major headwinds.
The heavy selling pressure might have exhausted for Expeditors International (EXPD) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Expeditors International (EXPD) reported earnings 30 days ago. What's next for the stock?
EXPD's efforts to reward its shareholders through dividends and buybacks are commendable.
EXPD's revenues increase 37% year over year in the third quarter of 2024.
Although the revenue and EPS for Expeditors International (EXPD) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Expeditors International (EXPD) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.16 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Expeditors International (EXPD), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Expeditors International (EXPD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Expeditors' third-quarter results are expected to be boosted by strong segmental performance.
Expeditors International (EXPD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Expeditors is benefiting from its shareholder-friendly approach. Robust liquidity is a tailwind.