Expeditors International of Washington Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Expeditors International of Washington (NASDAQ:EXPD) will unveil its latest earnings on Tuesday, November 1, 2011. 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 estimate of analysts is for profit of 49 cents per share, a rise of 11.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 52 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 49 cents during the last month. For the year, analysts are projecting net income of $1.84 per share, a rise of 15.7% from last year.

Past Earnings Performance: Last quarter, the company fell short of estimates by 5 cents, coming in at profit of 44 cents per share against a mean estimate of net income of 46 cents. The company topped expectations in the first quarter.

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Wall St. Revenue Expectations: On average, analysts predict $1.73 billion in revenue this quarter, a rise of 3.6% from the year ago quarter. Analysts are forecasting total revenue of $6.51 billion for the year, a rise of 9% from last year’s revenue of $5.97 billion.

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

A Look Back: In the second quarter, profit rose 5.2% to $95 million (44 cents a share) from $90.3 million (42 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 4.3% to $1.58 billion from $1.52 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 49% in the first quarter and 39.6% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 21.6% in the first quarter from the year earlier, climbed 26.9% in the fourth quarter of the last fiscal year from the year-ago quarter and 60.8% in the third quarter of the last fiscal year.

Competitors to Watch: UTi Worldwide Inc. (NASDAQ:UTIW), C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), 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 September 29, 2011 to October 27, 2011, the stock price had risen $5.42 (13%) from $41.79 to $47.21. 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 $7.13 (-13.1%) year to date.

(Source: Xignite Financials)

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