Wall Street analysts forecast that Expeditors International (EXPD) will report quarterly earnings of $1.33 per share in its upcoming release, pointing to a year-over-year increase of 14.7%. It is anticipated that revenues will amount to $2.37 billion, exhibiting an increase of 8.1% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their i ...

Expeditors International (EXPD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on November 5, 2024, might help the stock move higher if these key numbers ...

Expeditors International of Washington (EXPD) is scheduled to report its third-quarter 2024 results on Nov. 5 before market open. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The company has a disappointing earnings history, having missed the Zacks Consensus Estimate in two of the preceding four quarters and surpassed twice. The average miss is 2.7%. The Zacks Consensus Estimate for EXPD's soon-to-be-reported quarter's earnings is pegged at $1.33 per share, revised upward by 3.10% ...

Expeditors International (EXPD) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Th ...

Expeditors' (EXPD) robust liquidity position is boosting the company's financial stability. The shareholderfriendly approach also bodes well for the company. However, EXPD is grappling with increased operating expenses, hurting the company's bottom line. Factors Favoring EXPD Expeditors' commitment to rewarding its shareholders through dividends and buybacks is encouraging. The company has returned $205 million to shareholders in stock repurchases and dividends during the second quarter of 2024. These initi ...

It has been about a month since the last earnings report for Expeditors International (EXPD) . Shares have added about 7.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Expeditors International due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Expeditors' Q2 Earni ...

Expeditors International of Washington's (EXPD) shareholder-friendly initiatives and strong liquidity bode well. The transportation company, however, grapples with declining volumes and high capex-related challenges. Factors Favoring EXPD Expeditors is making constant efforts to boost the value of its shareholders. Management announced a 3% increase in its semi-annual cash dividend in May 2023. EXPD had hiked its semi-annual cash dividend in 2022 as well. The company is also active on the share buyback fron ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41871 EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. (Exact name of registrant as specified in its charter) Washington 91-1069248 (State or ot ...

Financial Performance - Q2 2024 diluted EPS decreased 5% to $1.24, while net earnings attributable to shareholders fell 11% to $175 million[2]. - Revenues increased 9% year-over-year to $2.4 billion, despite operating income decreasing 10% to $224 million[2][7]. - Total revenues for Q2 2024 reached $2,439,001, an increase of 8.9% compared to $2,239,752 in Q2 2023[11]. - Net earnings attributable to shareholders for Q2 2024 were $175,469, a decrease of 10.4% from $196,800 in Q2 2023[11]. - Operating income for the first half of 2024 was $438,695, down 16.3% from $524,466 in the first half of 2023[11]. - Operating income for Q2 2024 was $575,674, compared to $248,497 in Q2 2023, indicating a significant increase of approximately 131.5%[13]. - Revenues for the first half of 2024 were $4,645,679, down from $4,832,341 in the first half of 2023, representing a decline of about 3.9%[13]. Expenses and Liabilities - The company faced high expenses, with compensation being the largest variable operating expense, impacting efficiency targets[4]. - Total operating expenses increased to $2,215,082 in Q2 2024, up from $1,991,255 in Q2 2023, representing an increase of 11.3%[11]. - Directly related costs of transportation and other expenses for Q2 2024 totaled $1,639,408, an increase from $1,419,182 in Q2 2023, which is an increase of about 15.5%[13]. - Current assets increased to $3.7 billion as of June 30, 2024, compared to $3.4 billion at the end of 2023[10]. - Total liabilities rose to $2.2 billion as of June 30, 2024, up from $1.7 billion at the end of 2023[10]. - The company reported a decrease in total equity to $2.2 billion as of June 30, 2024, down from $2.4 billion at the end of 2023[10]. Shareholder Returns - The company returned $205 million to shareholders through stock repurchases and dividends in Q2 2024[5]. - The company repurchased common stock amounting to $102,300 during Q2 2024, compared to $687,689 in Q2 2023[12]. Market Conditions - The air market is constrained by e-commerce demand, while ocean routing is disrupted by geopolitical events, affecting service frequency and transit times[2][3]. - Airfreight tonnage volume rose 15% year-over-year, while ocean container volume decreased by 3%[2][9]. - The company reported a decrease in revenues from North Asia, which totaled $637,351 in Q2 2024, down from $510,027 in Q2 2023, a decline of approximately 24.9%[13]. - The company experienced a decline in revenues from South Asia, which were $287,943 in Q2 2024, down from $199,868 in Q2 2023, a decrease of approximately 44.0%[13]. Cash Flow and Investments - Cash and cash equivalents at the end of Q2 2024 were $1,271,853, a decrease from $1,698,587 at the end of Q2 2023[12]. - Net cash from operating activities for Q2 2024 was $126,769, compared to $158,446 in Q2 2023, a decline of 20.0%[12]. - Capital expenditures for the first half of 2024 amounted to $18,124, compared to $20,607 in the same period of 2023, showing a decrease of approximately 12.1%[13]. - The company is focused on investments in technology and processes to drive future growth and efficiency[5].

Expeditors International of Washington's (EXPD) second-quarter 2024 earnings of $1.24 per share matched the Zacks Consensus Estimate. The bottom line declined 4.6% year over year due to high costs. Total revenues of $2.44 billion beat the Zacks Consensus Estimate of $2.22 billion and increased 8.9% year over year. Airfreight tonnage volume increased 15% and ocean container volume decreased 3% year over year. We had expected airfreight tonnage to increase 4% and ocean container volumes to decline 5.7% from s ...