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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