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Expeditors International (EXPD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Expeditors is benefiting from its shareholder-friendly approach. Robust liquidity is a tailwind.
Expeditors International (EXPD) reported earnings 30 days ago. What's next for the stock?
Investors with an interest in Transportation - Services stocks have likely encountered both Grupo Aeroportuario del Centro Norte (OMAB) and Expeditors International (EXPD). But which of these two companies is the best option for those looking for undervalued stocks?
EXPD's near-term performance positively impacted by the Red Sea conflict situation. Medium-term outlook is uncertain as Red Sea situation could end anytime and there is a lot of supply coming online. EXPD is trading at a high valuation, at the high end of its historical range, with potential for a sharp downward revision if risks materialize.
Expeditor's (EXPD) efforts to reward its shareholders are praiseworthy. Declining volumes, however, represent a worry.
Expeditors' (EXPD) airfreight tonnage volume increases 15% in the second quarter, while ocean container volume decreases 3%.
While the top- and bottom-line numbers for Expeditors International (EXPD) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Expeditors International (EXPD) came out with quarterly earnings of $1.24 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.30 per share a year ago.
Many investors find transportation stocks unique due to their inherent qualities and vital role in the economy. Whether it's people or goods, transportation is a fundamental service with demand that tends to be resilient, even in softer markets.