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Expeditors (EXPD) Q4 Earnings & Revenues Beat Estimates

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·3 min read
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Expeditors International of Washington’s EXPD fourth-quarter 2021 earnings of $2.66 per share surpassed the Zacks Consensus Estimate of $2.02. The bottom line surged more than 100% year over year. Results benefited from higher airfreight tonnage volumes.

Total revenues of $5,396.3 million outperformed the Zacks Consensus Estimate of $4,257 million and also increased significantly year over year. Higher revenues across all segments boosted the top line.

While airfreight tonnage volumes increased 13%, ocean container volumes decreased 4% in the reported quarter. Operating income soared more than 100% to $624 million in the fourth quarter on the back of higher revenues. Total operating expenses escalated 76.8% to $4.77 billion.

Expeditors International of Washington, Inc. Price, Consensus and EPS Surprise

Expeditors International of Washington, Inc. Price, Consensus and EPS Surprise
Expeditors International of Washington, Inc. Price, Consensus and EPS Surprise

Expeditors International of Washington, Inc. price-consensus-eps-surprise-chart | Expeditors International of Washington, Inc. Quote


During 2021, Expeditors, carrying a Zacks Rank #2 (Buy), repurchased 4.4 million shares at an average price of $117.54 per share. It exited the fourth quarter with cash and cash equivalents of $1.73 billion compared with $1.53 billion at the end of 2020.

Airfreight Services revenues increased 68% year over year to $2.29 billion in the fourth quarter. Ocean Freight and Ocean Services revenues skyrocketed more than 100% to $1.89 billion. Customs Brokerage and Other Services revenues climbed 39.9% year over year to $1.21 billion.

Sectorial Snapshots

Let’s take a look at some of the other earnings releases by companies within the Zacks Transportation sector.

GATX Corporation GATX, sporting a Zacks Rank #1 (Strong Buy), reported fourth-quarter 2021 earnings (excluding 11 cents from non-recurring items) of $1.58 per share, which surpassed the Zacks Consensus Estimate of $1.07. The bottom line surged more than 200% year over year.

GATX’s total revenues of $321 million increased 5.3% year over year, mainly on a 5.2% rise in lease revenues, which came in at $288.4 million. Lease revenues contributed 89.8% to the top line. You can see the complete list of today’s Zacks #1 Rank stocks here.

Werner Enterprises WERN, carrying a Zacks Rank #3 (Hold), reported fourth-quarter 2021 earnings (excluding 2 cents from non-recurring items) of $1.13 per share, which surpassed the Zacks Consensus Estimate of 96 cents. The bottom line rose 27% on a year-over-year basis.

Werner’s total revenues of $765.2 million also outperformed the Zacks Consensus Estimate of $725.1 million. The top line increased 23.4% on a year-over-year basis, primarily on higher revenues in the Truckload Transportation Services and Logistics segments.

C.H. Robinson Worldwide CHRW, carrying a Zacks Rank #3, reported fourth-quarter 2021 earnings of $1.74 per share, which fell short of the Zacks Consensus Estimate of $1.85. However, the bottom line surged 61.1% year over year.

C.H. Robinson’s total revenues of $6,501.8 million outperformed the Zacks Consensus Estimate of $6,190.8 million. The top line jumped 42.9% year over year owing to higher pricing and volumes across most of the company’s service lines.


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C.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report

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