Expeditors International (EXPD) Reports Q3 Earnings: What Key Metrics Have to Say

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]