Expeditors International of Washington Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Expeditors International of Washington (NASDAQ:EXPD) will unveil its latest earnings on Tuesday, February 21, 2012. Expeditors International of Washington offers global logistics services through an international network supporting the movement and strategic positioning of goods.

Expeditors International of Washington Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 47 cents per share, a rise of 4.4% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 15.1% compared to last year’s $1.83.

Last quarter, the company came in at net income of 50 cents per share against a mean estimate of profit of 49 cents per share, beating estimates after missing them in the previous quarter. In the second quarter, it missed forecasts by 2 cents.

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Wall St. Revenue Expectations: Analysts predict a rise of 0.6% in revenue from the year-earlier quarter to $1.59 billion.

Analyst Ratings: Analysts seem relatively indifferent about Expeditors International of Washington with 10 of 15 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 10.9% to $106.6 million (50 cents a share) from $96.1 million (44 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 3.7% to $1.61 billion from $1.67 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 5.2% in the second quarter and 49% in the first quarter.

A year-over-year revenue decrease in the third quarter followed a streak of three consecutive quarters of revenue increases. Revenue rose 4.3%in the second quarter, 21.6% in the first quarter and 26.9% in the fourth quarter of the last fiscal year.

Stock Price Performance: Between December 16, 2011 and February 15, 2012, the stock price had risen $2.11 (5.2%), from $40.37 to $42.48. The stock price saw one of its best stretches over the last year between March 22, 2011 and April 1, 2011, when shares rose for nine straight days, increasing 7.9% (+$3.67) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight straight days, dropping 7.8% (-$4.09) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com