Expeditors International of Washington (EXPD) Stock

The strong selling pressure on Expeditors International (EXPD) may have worn off since the stock is now considered oversold. Furthermore, many Wall Street analysts are raising their earnings estimates, suggesting that the stock could be ready for a change in trend.

Expeditors International (EXPD) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

EXPD's initiatives to reward its shareholders with dividends and buybacks are impressive.

While the revenue and earnings per share (EPS) for Expeditors International (EXPD) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

Expeditors International (EXPD) reported quarterly earnings of $1.63 per share, which is higher than the Zacks Consensus Estimate of $1.33 per share. This is an increase compared to earnings of $1.16 per share from the same period last year.

In the third quarter of 2024, EXPD's revenues rose by 37% compared to the same period last year.

In addition to looking at analysts' predictions for Expeditors International's (EXPD) revenue and profit, it's important to assess forecasts for some of its main metrics. This will help us understand how the company may have performed in the quarter that ended in September 2024.

Expeditors is likely to see improved results in the third quarter due to strong performance in different areas of their business.

Expeditors International (EXPD) could see an increase in its stock price due to rising confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).