Core Viewpoint - The article presents a positive outlook on Expeditors (NYSE: EXPD), emphasizing the company's strong valuation and competitive advantages [1]. Company Analysis - Expeditors is perceived to have a competitive moat, which contributes to its strong market position [1]. - The author has a long-term investment perspective, having invested personal and family funds for over 20 years, indicating a deep understanding of market dynamics [1]. Analyst's Position - The analyst holds a beneficial long position in Expeditors shares, either through stock ownership or derivatives, reflecting confidence in the company's future performance [2].

Wall Street analysts forecast that Expeditors International (EXPD) will report quarterly earnings of $1.43 per share in its upcoming release, pointing to a year-over-year increase of 31.2%. It is anticipated that revenues will amount to $2.62 billion, exhibiting an increase of 15.1% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this ...

Expeditors International of Washington (EXPD) is scheduled to report its fourth-quarter 2024 results on Feb. 18, before market open.See the Zacks Earnings Calendar to stay ahead of market-making news.The company has an encouraging earnings surprise history. It surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missed once. The average beat is 4.8%.The Zacks Consensus Estimate for EXPD’s soon-to-be-reported quarter’s earnings is pegged at $1.43 per share, revised upward by 2.9 ...

Expeditors International of Washington (EXPD) Update / Briefing January 28, 2025 11:00 AM ET Company Participants Sarah Maas - Regional Sales OperationsJamie Childress - Regional Risk & Insurance Manager Sarah Maas Alright. So it is 10 o'clock. So we'll get started. So for those of you who have just joined, thank you for joining us today for our IngoTerms Basics webinar. As you can see, we have a poll for you to answer. And my name is Sarah Mas, and I am the regional sales operations and marketing lead for ...

Founded in 1979, Expeditors International of Washington, INC (NYSE: EXPD ) or just “Expeditors” from now on, is a leading third-party logistics company operating globally. During its 45 years of existence, they have build a powerful network servicing the main trade corridors betweenStriving to compound knowledge. Long-time fan of Warren and Charlie. Always invert. "To finish first, you must first finish". Investing own and family funds for +20 years. Senior finance roles at public and private corporations f ...

Expeditors International of Washington (EXPD) is thriving with an increase in volumes, which is boosting its top line. Shareholder-friendly initiatives are encouraging. However, EXPD is grappling with geopolitical uncertainties and elevated operating expenses.Factors Favoring EXPDThe robust growth in air tonnage and ocean volumes had a positive impact on all areas of EXPD during the third quarter of 2024. Airfreight tonnage rose 19%, while ocean container volumes grew 12%. Rates also saw widespread increase ...

Expeditors International of Washington (EXPD) is benefiting from its cost-reduction initiatives. The company’s shareholder-friendly initiatives also bode well.Let us delve deep to unearth the factors working in favor of this Zacks Rank #2 (Buy) stock.EXPD’s Northward Earnings Estimates: In the past 60 days, the Zacks Consensus Estimate for current-quarter, current-year and next-year earnings has been revised upward by 6.9%, 8.4% and 0.2%, respectively. Such favorable estimate revisions indicate brokers’ con ...

Financial Performance - Operating income increased by 40% from the third quarter of 2023 and 35% from the second quarter of 2024[44] - Net earnings to shareholders increased by 34% from the third quarter of 2023 and 31% from the second quarter of 2024[45] - Operating income increased by 40% to $301,524 thousand for the three months ended September 30, 2024, compared to the same period in 2023[51] - Net earnings attributable to shareholders rose by 34% to $229,574 thousand for the three months ended September 30, 2024[51] Revenue Growth - Ocean containers shipped increased by 12% and airfreight tonnage increased by 19% compared to the third quarter of 2023[44] - Airfreight services revenues increased by 36% to $986,950 thousand for the three months ended September 30, 2024, compared to the same period in 2023, driven by a 19% increase in tonnage and higher average sell and buy rates[51][53] - Ocean freight and ocean services revenues surged by 82% to $1,017,618 thousand for the three months ended September 30, 2024, primarily due to a 101% increase in average sell rates and a 12% rise in containers shipped[51][54] - Customs brokerage and other services revenues grew by 10% to $995,563 thousand for the three months ended September 30, 2024, mainly due to higher shipment volumes in North America[51][56] - Ocean freight consolidation revenues increased by 125% for the three months ended September 30, 2024, due to a 101% rise in average sell rates and a 12% increase in containers shipped[54] - North Asia and South Asia ocean freight and ocean services revenues increased by 135% and 164%, respectively, for the three months ended September 30, 2024[54] Cash Flow and Capital Management - Cash from operations was $90 million, down from $190 million in the third quarter of 2023, due to significant investment in working capital[45] - The company returned $140 million to shareholders through common stock repurchases[45] - Net cash provided by operating activities for the three and nine months ended September 30, 2024 was $90 million and $474 million, respectively, compared to $190 million and $895 million in the same periods in 2023[64] - Working capital at September 30, 2024 was $1,707 million, including cash and cash equivalents of $1,293 million[64] - Cash used in investing activities for the three and nine months ended September 30, 2024 was $13 million and $30 million, respectively, primarily for capital expenditures[64] - Cash used in financing activities during the three and nine months ended September 30, 2024 was $659 million and $1,247 million, respectively, primarily for repurchasing common stock[64] - Cash and cash equivalents at September 30, 2024 were $1,293 million, with $614 million invested at short-term market interest rates[68] Market and Demand Trends - Strong demand for ocean transportation led to higher volumes and sharp increases in average buy and sell rates[44] - Demand for airfreight out of Asia remained high due to capacity constraints and e-commerce business demand[44] - Historical seasonal demand trends show the first quarter as the weakest and the third and fourth quarters as the strongest[47] - The company's revenues are significantly impacted by consumer demand, trade tariffs, and supply chain disruptions[47] - Airfreight services tonnage increased by 19% for the three months ended September 30, 2024, driven by higher demand in healthcare and technology sectors[53] Operational Costs and Expenses - Salaries and related costs increased by 9% to $450,308 thousand for the three months ended September 30, 2024, due to higher commissions and bonuses[57] - The consolidated effective income tax rate was 26.4% for both the three and nine months ended September 30, 2024[59] Foreign Currency Impact - Net foreign currency losses for the three months ended September 30, 2024 were approximately $11 million, compared to less than $1 million in the same period in 2023[60] - Net foreign currency gains for the nine months ended September 30, 2024 were less than $1 million, compared to net losses of approximately $6 million in the same period in 2023[60] - A hypothetical 10% weakening of the U.S. dollar would have increased operating income by approximately $45 million for the nine months ended September 30, 2024[66] Liabilities and Obligations - Borrowings under international unsecured bank lines of credit at September 30, 2024 were $48 million, with $87 million in contingent liabilities from standby letters of credit and guarantees[65] - Fixed lease payment obligations at September 30, 2024 totaled $699 million, with $141 million payable within 12 months[65] Global Operations and Risks - The company operates in over 60 countries and is influenced by global economic and political conditions, including tariffs and trade restrictions[46]

Core Insights - Expeditors International (EXPD) reported $3 billion in revenue for Q3 2024, a 37% year-over-year increase, with an EPS of $1.63 compared to $1.16 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $2.37 billion by 26.72%, and the EPS surpassed the consensus estimate of $1.33 by 22.56% [1] Revenue Performance - Airfreight services revenue reached $986.95 million, exceeding the average estimate of $805.65 million by four analysts, representing a 36.3% year-over-year increase [3] - Ocean freight and ocean services generated $1.02 billion, significantly higher than the estimated $626.68 million, marking an 81.6% year-over-year change [3] - Net revenues from ocean freight and ocean services were $233.79 million, compared to the average estimate of $181.54 million, reflecting a 35.4% year-over-year increase [3] - Net revenues from airfreight services amounted to $246.59 million, surpassing the estimated $214.57 million, with an 18.7% year-over-year increase [3] - Customs brokerage and other services net revenues were $425.78 million, slightly above the average estimate of $415.49 million, indicating a 4.5% year-over-year change [3] - Total revenues from customs brokerage and other services reached $995.56 million, compared to the estimated $935.18 million, representing a 10% year-over-year increase [3] Stock Performance - Expeditors International's shares have returned +0.4% over the past month, while the Zacks S&P 500 composite has decreased by -0.5% [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [4]

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.56%. A quarter ago, it was expected that this logistics services provider would post earnings of $1.24 per share when it actually produced earnings of $1.24, delivering no surprise.Over the last four qu ...