Expeditors International of Washington
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Expeditors International of Washington missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped.
Margins grew across the board.
Expeditors International of Washington reported revenue of $1.50 billion. The 12 analysts polled by S&P Capital IQ hoped for sales of $1.58 billion on the same basis. GAAP reported sales were 5.1% lower than the prior-year quarter's $1.58 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.43. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.46 per share. GAAP EPS of $0.43 for Q4 were 4.4% lower than the prior-year quarter's $0.45 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 13.8%, 140 basis points better than the prior-year quarter. Operating margin was 10.3%, 90 basis points better than the prior-year quarter. Net margin was 6.2%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.51 billion. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $6.82 billion. The average EPS estimate is $2.01.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 465 members out of 487 rating the stock outperform, and 22 members rating it underperform. Among 173 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 169 give Expeditors International of Washington a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Expeditors International of Washington is hold, with an average price target of $51.80.
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