Expeditors International of Washington (Nasdaq: EXPD) reported earnings on May 2. Here are the numbers you need to know.

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.

Revenue details
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 details
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.

Margin details
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.

Looking ahead
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.

Investor sentiment
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.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.