Based in Seattle, WA, Expeditors International of Washington Inc. (EXPD) is a leading third-party logistics (3PL) provider. The company is engaged in the business of global logistics management, including international freight forwarding and consolidation, for both air and ocean freight.
Expeditors’ track record with respect to earnings is not great, having delivered a positive surprise in only one of the last four quarters. The sole earnings beat came in the third quarter of 2014. The trailing four-quarter average miss is thus 1.69%.
Zacks Rank: Currently, Expeditors has a Zacks Rank #2 (Buy), but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Expeditors beat on earnings. Earnings came in at $0.51, higher than the Zacks Consensus Estimate of $0.49 per share. Moreover, earnings were 24% higher than the year-ago figure.
Revenue: Revenues of $1.77 billion were marginally ahead of the Zacks Consensus Estimate of $1.75 billion. Revenues climbed 9% on a year-over-year basis.
Key Stats: Airfreight Services revenues improved 5.1% year over year to $780 million in the fourth quarter. Ocean Freight and Ocean Services revenues increased 14.7% year over year to $568.3 million. Customs Brokerage and Other Services revenues rose 8.4% year over year to $420.6 million.
Check back later for our full write up on this Expeditors earnings report later!
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