Expeditors International (EXPD) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Expeditors International (EXPD) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The earnings report is scheduled for November 5, 2024, with expectations of quarterly earnings at $1.33 per share, reflecting a year-over-year increase of +14.7% [3]. - Revenues are projected to reach $2.37 billion, marking an 8.1% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.19% higher in the last 30 days, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate for Expeditors International is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +2.13% [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - Expeditors International currently holds a Zacks Rank of 2, indicating a high likelihood of beating the consensus EPS estimate [10]. Historical Performance - In the last reported quarter, Expeditors International met the expected earnings of $1.24 per share, resulting in no surprise [11]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [12]. Industry Context - In the Zacks Transportation - Services industry, Hertz Global Holdings, Inc. is expected to report a loss of $0.50 per share for the same quarter, indicating a year-over-year change of -171.4% [16]. - Hertz Global's consensus EPS estimate has been revised down by 6.1% in the last 30 days, and it currently has an Earnings ESP of -5.77% combined with a Zacks Rank of 4 (Sell), making it difficult to predict an earnings beat [17].