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The S&P 500 dipped 0.4% on Tuesday, Aug. 8, 2023, as bank stocks lost ground after Moody's downgrades.
Despite a daily loss of 3.85% and a modest 3-month gain of 3.7%, the Earnings Per Share (EPS) (EPS) of Expeditors International of Washington Inc ( EXPD , Financial) stands strong at 7.64. This article aims to answer a crucial question: Is the stock modestly undervalued?
Expeditors (EXPD) stock declines due to dismal second-quarter performance. Airfreight tonnage and ocean container volumes decrease 15% and 13%, respectively, on a year-over-year basis.
The headline numbers for Expeditors International (EXPD) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Expeditors International (EXPD) came out with quarterly earnings of $1.30 per share, missing the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $2.27 per share a year ago.
Lackluster revenues and volumes are likely to have affected Expeditors' (EXPD) performance in Q2.
Expeditors International of Washington, Inc. has seen a share price appreciation of about 66% over the last five years and 29% over the last 12 months, attributed to its diversified business model and competitive advantage. The company has a strong balance sheet, with a market cap of $18.79B, a total debt of $ 520.62 million, and a cash balance of $2.35B, providing financial flexibility and a safe financial position. Despite potential risks such as regulatory changes, exchange rate fluctuations, and technology disruption, the company is a good investment.
Pro-investor steps and solid liquidity boost Expeditors (EXPD). However, high capital expenditure is a concern.
Solid liquidity and pro-investor steps boost Expeditors (EXPD).
Expeditors (EXPD) has a solid dividend growth record over the past five years.