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Expeditors' (EXPD) Q4 revenues decline 33.8% year over year.
While the top- and bottom-line numbers for Expeditors International (EXPD) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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 December 2023.
Expeditors' (EXPD) fourth-quarter 2023 revenues are likely to have suffered from a declining container volume.
The disruption caused by the Houthi attacks on Red Sea cargo ships could benefit the margins of freight-forwarding companies, says T.D. Cowen.
Strong Liquidity and shareholder-friendly steps boost Expeditors (EXPD).
Expeditors' (EXPD) Airfreight Services revenues decrease 51.5% year over year in Q3.
Expeditors International (EXPD) came out with quarterly earnings of $1.16 per share, missing the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $2.54 per share a year ago.
Shares of Expeditors International of Washington Inc. EXPD, -1.29% sank 5.8% toward an eight-month low in premarket trading Tuesday, after the air and ocean freight logisitics company missed third-quarter profit and revenue expectations, citing a continued deceleration in demand and soft rates. Net earnings fell to $171.4 million, or $1.16 a share, from $414.2 million, or $2.56 a share, in the year-ago period.
Investor-friendly steps and solid liquidity boost Expeditors (EXPD).