Unlocking Q3 Potential of Expeditors International (EXPD): Exploring Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts forecast that Expeditors International (EXPD) will report quarterly earnings of $1.33 per share, reflecting a year-over-year increase of 14.7$2.37 billion, an 8.1% increase compared to the previous year [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been adjusted upward by 0.2%, indicating a reassessment of initial projections by covering analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Revenue Forecasts - Analysts predict 'Revenues- Airfreight services' to be $805.65 million, representing an 11.2$626.68 million, indicating an 11.9% year-over-year change [5]. - The consensus for 'Net revenues- Ocean freight and ocean services' is $181.54 million, reflecting a 5.2$214.57 million, showing a 3.3% year-over-year change [6]. - 'Net revenues- Customs brokerage and other services' are projected to be $415.49 million, indicating a 2$935.18 million, reflecting a 3.3% year-over-year change [6]. Stock Performance - Over the past month, Expeditors International shares have recorded a return of -4.9%, while the Zacks S&P 500 composite has changed by +1% [7]. - Based on its Zacks Rank 2 (Buy), EXPD is expected to outperform the overall market in the upcoming period [7].