Expeditors International of Washington
The 10-second takeaway
For the quarter ended March 31 (Q1), Expeditors International of Washington missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. GAAP earnings per share expanded.
Gross margins contracted, operating margins shrank, net margins grew.
Expeditors International of Washington logged revenue of $1.41 billion. The 13 analysts polled by S&P Capital IQ anticipated sales of $1.46 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 20 earnings estimates compiled by S&P Capital IQ predicted $0.39 per share. 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 quarter, gross margin was 12.4%, 30 basis points worse than the prior-year quarter. Operating margin was 9.1%, 20 basis points worse than the prior-year quarter. Net margin was 5.7%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.57 billion. On the bottom line, the average EPS estimate is $0.44.
Next year's average estimate for revenue is $6.31 billion. The average EPS estimate is $1.77.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 521 members out of 547 rating the stock outperform, and 26 members rating it underperform. Among 173 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 170 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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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. 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.