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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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Expeditors International of Washington. The Fool has created a butterfly spread position on Expeditors International of Washington. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.