Expeditors International of Washington, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Expeditors International of Washington, Inc. (NASDAQ:EXPD) will unveil its latest earnings on Tuesday, August 2, 2011. Expeditors International of Washington Inc. offers global logistics services through an international network supporting the movement and strategic positioning of goods.

Expeditors International of Washington, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 46 cents per share, a rise of 9.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 44 cents. For the year, analysts are projecting profit of $1.90 per share, a rise of 19.5% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the first quarter, it reported net income of 42 cents per share versus a mean estimate of 37 cents. Two quarters ago, it reported profit of 45 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.64 billion in revenue this quarter, a rise of 7.9% from the year ago quarter. Analysts are forecasting total revenue of $6.75 billion for the year, a rise of 13.1% from last year’s revenue of $5.97 billion.

Analyst Ratings: Analysts seem relatively indifferent about Expeditors International of Washington with 11 of 17 analysts surveyed maintaining a hold rating.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 44.7%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 69.4% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 49% while it rose 39.6% in the fourth quarter of the last fiscal year and 66.4% in the third quarter of the last fiscal year.

Competitors to Watch: UTi Worldwide Inc. (NASDAQ:UTIW), C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), UTi Worldwide Inc. (NASDAQ:UTIW), Expeditors Intl. of Washington (NASDAQ:EXPD), Pacer International, Inc. (NASDAQ:PACR), Hub Group, Inc. (NASDAQ:HUBG), Roadrunner Transportation Services Hold. (NYSE:RRTS), Echo Global Logistics, Inc. (NASDAQ:ECHO), Vitran Corp., Inc. (NASDAQ:VTNC), FedEx (NYSE:FDX), United Parcel Service, Inc. (NYSE:UPS), and J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT).

Stock Price Performance: During May 2, 2011 to July 27, 2011, the stock price had fallen $6.59 (-12.2%) from $54.19 to $47.60. 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, rising 7.9% (+$3.69) 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, falling 7.8% (-$4.11) over that span. Shares are down $6.74 (-12.4%) year to date.

(Source: Xignite Financials)

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