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 March 31, 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 ...

Expeditors International of Washington’s (EXPD) first-quarter 2024 earnings of $1.17 per share beat the Zacks Consensus Estimate of $1.10. The bottom line plunged 19% year over year due to volume woes. Total revenues of $2,206.67 million beat the Zacks Consensus Estimate of $2,172 million but declined 15% year over year. Airfreight tonnage and ocean container volumes surged 4% and 2%, respectively. We had expected airfreight tonnage and ocean container volumes to decline 6.7% and 8%, respectively, from firs ...

Exhibit 99.1 EARNINGS RELEASE By: Expeditors International of Washington, Inc. 1015 Third Avenue Seattle, Washington 98104 CONTACTS: Jeffrey S. Musser Bradley S. Powell Geoffrey Buscher President and Chief Executive Officer Senior Vice President and Chief Financial Officer Director - Investor Relations (206) 674-3433 (206) 674-3412 (206) 892-4510 FOR IMMEDIATE RELEASE EXPEDITORS REPORTS FIRST QUARTER 2024 EPS OF $1.17 SEATTLE, WASHINGTON - May 7, 2024, Expeditors International of Washington, Inc. (NYSE:EXPD ...

Expeditors International (EXPD) reported $2.21 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 14.9%. EPS of $1.17 for the same period compares to $1.45 a year ago.The reported revenue represents a surprise of +1.57% over the Zacks Consensus Estimate of $2.17 billion. With the consensus EPS estimate being $1.10, the EPS surprise was +6.36%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Expeditors International (EXPD) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.36%. A quarter ago, it was expected that this logistics services provider would post earnings of $1.21 per share when it actually produced earnings of $1.09, delivering a surprise of -9.92%.Over the last ...

Investors are always looking for stocks that are poised to beat at earnings season and Expeditors International of Washington, Inc. (EXPD) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Expeditors is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information p ...

Wall Street analysts forecast that Expeditors International (EXPD) will report quarterly earnings of $1.10 per share in its upcoming release, pointing to a year-over-year decline of 24.1%. It is anticipated that revenues will amount to $2.17 billion, exhibiting a decline of 16.2% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated th ...

The market expects Expeditors International (EXPD) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to b ...

Expeditors International of Washington’s (EXPD) efforts to reward shareholders and acquisition of Fleet Logistics’ Digital Platform are impressive. However, the company faces challenges from declining airfreight and ocean container volumes, weak demand and falling rates.Factors Favoring EXPDExpeditors impresses with shareholder rewards, including dividend hikes of 15.5% in 2022 and 3% in 2023, along with active share repurchases. The company actively repurchases shares, buying back 4.6 million shares during ...

It has been about a month since the last earnings report for Expeditors International (EXPD) . Shares have added about 1.4% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Expeditors International of Washington due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Earni ...