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 ...

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 (EXPD) came out with quarterly earnings of $1.24 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.30 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this logistics services provider would post earnings of $1.10 per share when it actually produced earnings of $1.17, delivering a surprise of 6.36%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. ...

Many investors find transportation stocks unique due to their inherent qualities and vital role in the economy. Whether it's people or goods, transportation is a fundamental service with demand that tends to be resilient, even in softer markets. Likewise, this industry is essential for economic growth, which means that its constituents tend to grow in line with the economy. With the U.S. economy posting GDP growth of 2.8% in the three months to June and beating expectations, the outlook on transportation st ...

In its upcoming report, Expeditors International (EXPD) is predicted by Wall Street analysts to post quarterly earnings of $1.24 per share, reflecting a decline of 4.6% compared to the same period last year. Revenues are forecasted to be $2.17 billion, representing a year-over-year decrease of 2.9%. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 4.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projecti ...

For the last reported quarter, it was expected that Expeditors International would post earnings of $1.10 per share when it actually produced earnings of $1.17, delivering a surprise of +6.36%. Bottom Line That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell bef ...

The company has a disappointing earnings history, having missed the Zacks Consensus Estimate in three of the preceding four quarters and surpassing once. The average miss is 3.44%. What Our Model Says Airfreight Services revenues tumbled 16.1% year over year to $759.37 million in the first quarter of 2024. Ocean freight and ocean services revenues decreased 18.1% to $570.78 million. Customs Brokerage and other services revenues fell 11.5% year over year to $876.51 million. CPA surpassed the Zacks Consensus ...

HT T 100 - 100 1 i T 1 Global freight rates continue to incur volatility and have stretched back towards 2022 highs. The containerized freight index shown in Figure 1, has lifted to 3,379 points from a range of 1,000 leading into the year. The last time this occurred in 2022, those in the air freight and marine logistics industries saw tremendous repricing And managed to return mouthwatering sons of capital to their shareholders by way of dividends and buyback. This is a highly competitive industry where ev ...

Apart from high interest rates, the freight market downturn, driven by excess freight capacity than freight volumes, has hit the sector hard. Continuous erosion with respect to freight demand can be made out of the fact that the Cass Freight Shipments Index declined 1.3% month over month in April. This measure deteriorated month over month in five of the last six months, which confirms the overall declining trend. High fuel costs are hurting the bottom-line performances of transportation stocks, as fuel exp ...

A month has gone by since the last earnings report for Expeditors International (EXPD) . Shares have added about 8.1% 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 the most recent earnings report in order to get a better handle on the important drivers. Expeditors' Beats on Q1 Ea ...