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Expeditors (EXPD) to Report Q3 Earnings: What to Expect?

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Expeditors International of Washington EXPD is scheduled to report third-quarter 2021 results on Nov 2.

The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 26.4%.

Let’s see how things are shaping up for Expeditors this earnings season:

Factors to Note

The coronavirus-induced cancellation of multiple passenger flights (that usually carry freight as well as passenger luggage) increased the usage of charters to meet customers’ needs. This is expected to have boosted Airfreight Services’ revenues, as has been the case over the past few quarters. With this segment being the primary revenue generator, Expeditors’ top line is likely to have benefited substantially.

However, escalating operating expenses across all segments might have hurt Expeditors’ bottom line. Additionally, challenges pertaining to logistics, induced by coronavirus-led woes, might have weighed on the company’s third-quarter performance.

Expeditors International of Washington, Inc. Price and EPS Surprise

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

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

Earnings Whispers

The proven Zacks model does not conclusively predict an earnings beat for Expeditors this time around. This is because the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.

Earnings ESP: Expeditors has an earnings ESP of -3.19% as the Most Accurate Estimate is pegged at $1.62, lower than the Zacks Consensus Estimate of $1.67. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Expeditors carries a Zacks Rank #3.

Highlights of Q2 Earnings

Expeditors' second-quarter 2021 earnings of $1.84 per share surpassed the Zacks Consensus Estimate of $1.63 and also surged 68.8% on a year-over-year basis. Results were aided by higher revenues. The top line rose 39.9% year over year to $3,609.1 million and surpassed the Zacks Consensus Estimate of $2,524.7 million.

Stocks to Consider

Investors interested in the broader Transportation sector may consider Schneider National SNDR, Old Dominion Freight Line ODFL and Ryder System R as these stocks possess the right combination of elements to beat on earnings this reporting cycle.

Schneider National has an Earnings ESP of +2.37% and a Zacks Rank #2 (Buy). The company will report third-quarter results on Oct 28.

Old Dominion has an Earnings ESP of +0.49% and a Zacks Rank #2. The company will report third-quarter results on Oct 27.

Ryder has an Earnings ESP of +4.73% and a Zacks Rank #1. The company will release third-quarter 2021 financial numbers on Oct 27.


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Ryder System, Inc. (R) : Free Stock Analysis Report

Expeditors International of Washington, Inc. (EXPD) : Free Stock Analysis Report

Old Dominion Freight Line, Inc. (ODFL) : Free Stock Analysis Report

Schneider National, Inc. (SNDR) : Free Stock Analysis Report

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