Expeditors International of Washington
The 10-second takeaway
For the quarter ended March 31 (Q1), Expeditors International of Washington met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank.
Margins contracted across the board.
Expeditors International of Washington logged revenue of $1.41 billion. The 11 analysts polled by S&P Capital IQ predicted sales of $1.41 billion on the same basis. GAAP reported sales were 3.4% lower than the prior-year quarter's $1.46 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 $0.36. The nine earnings estimates compiled by S&P Capital IQ predicted $0.37 per share. GAAP EPS of $0.36 for Q1 were 14% lower than the prior-year quarter's $0.42 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 12.7%, 60 basis points worse than the prior-year quarter. Operating margin was 8.9%, 120 basis points worse than the prior-year quarter. Net margin was 5.4%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.61 billion. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $6.48 billion. The average EPS estimate is $1.86.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 474 members out of 498 rating the stock outperform, and 24 members rating it underperform. Among 152 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 147 give Expeditors International of Washington a green thumbs-up, and five 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 $51.40.
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