Expeditors International of Washington
The 10-second takeaway
For the quarter ended June 30 (Q2), Expeditors International of Washington missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped.
Margins contracted across the board.
Expeditors International of Washington reported revenue of $1.50 billion. The 15 analysts polled by S&P Capital IQ wanted to see a top line of $1.60 billion on the same basis. GAAP reported sales were 4.8% 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 $0.39. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.43 per share. GAAP EPS of $0.39 for Q2 were 11% lower than the prior-year quarter's $0.44 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 12.2%, 60 basis points worse than the prior-year quarter. Operating margin was 8.8%, 80 basis points worse than the prior-year quarter. Net margin was 5.6%, 40 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.74 billion. On the bottom line, the average EPS estimate is $0.50.
Next year's average estimate for revenue is $6.42 billion. The average EPS estimate is $1.78.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 502 members out of 526 rating the stock outperform, and 24 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 150 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 hold, with an average price target of $47.09.
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