Expeditors International of WashingtonNYSE: EXPD

Beyond analysts' top -and-bottom-line estimates for Expeditors International (EXPD), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended 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).

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

Expeditor's (EXPD) attempts to reward its shareholders are commendable. However, the decrease in volumes is a cause for concern.

The financial results for Expeditors International (EXPD) provide an overview of the company's performance for the quarter ending in June 2024. It may be helpful to compare some important metrics to Wall Street predictions and figures from the same period last year.

Expeditors International (EXPD) reported quarterly earnings of $1.24 per share, matching the Zacks Consensus Estimate. This is a decrease from earnings of $1.30 per share from the same period last year.

In the second quarter, Expeditors (EXPD) saw a 15% rise in airfreight tonnage, but their ocean container volume fell by 3%.

Investors often see transportation stocks as special because of their important characteristics and essential function in the economy. Transportation services, whether for people or goods, are crucial and usually maintain steady demand, even during weaker market conditions.