Expeditors International of Washington, Inc. (NASDAQ:EXPD) is reporting third quarter earnings results on Tuesday 3rd November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.98 per share.
For the full year, analysts predict revenues of $ 9151.75 million, while looking forward to income of $ 3.74 per share.
Previous Quarter Performance
Expeditors International of Washington, Inc. recorded income for the second quarter of $ 1.09 per share, from the revenue of $ 2,581.00 million. The quarterly earnings 23.86 percent while revenues improved 26.79 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.71 per share from $ 1847.23 million in revenue. The bottom line results beat street analysts by $ 0.38 or 53.52 percent, at the same time, top line results outshined analysts by $ 733.77 million or 39.72 percent.
Stock Performance
Shares of Expeditors International of Washington, Inc. traded up $ 0.25 or 0.28 percent on Monday, reaching $ 88.62 with volume of 1.57 million shares. Expeditors International of Washington, Inc. has traded high as $ 90.11 and has cracked $ 87.94 on the downward trend
The closing price of $ 88.62, representing a 68.16 % increase from the 52 week low of $ 52.55 and a 7.35 % decrease over the 52 week high of $ 95.38.
The company has a market capital of $ 14.86 billion and is part of the Industrials sector and Integrated Shipping & Logistics industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 67.00 target price.
- On 24th September 2020, initiated by Wells Fargo & Co at Equal-Weight rating, with $ 97.00 target price.
Expeditors International of Washington, Inc. provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, and other logistics solutions.
