Expeditors International of Washington (Nasdaq: EXPD ) is expected to report Q2 earnings around July 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Expeditors International of Washington's revenues will grow 2.3% and EPS will increase 10.3%.
The average estimate for revenue is $1.54 billion. On the bottom line, the average EPS estimate is $0.43.
Last quarter, Expeditors International of Washington booked revenue of $1.41 billion. GAAP reported sales were 0.1% lower than the prior-year quarter's $1.41 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.39. GAAP EPS of $0.39 for Q1 were 8.3% higher than the prior-year quarter's $0.36 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 12.4%, 30 basis points worse than the prior-year quarter. Operating margin was 9.1%, 20 basis points better than the prior-year quarter. Net margin was 5.7%, 30 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $6.18 billion. The average EPS estimate is $1.76.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 525 members out of 547 rating the stock outperform, and 22 members rating it underperform. Among 190 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 187 give Expeditors International of Washington a green thumbs-up, and three 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 outperform, with an average price target of $42.98.
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