Insights Into Expeditors International (EXPD) Q4: Wall Street Projections for Key Metrics

Wall Street analysts forecast that Expeditors International (EXPD) will report quarterly earnings of $1.43 per share in its upcoming release, pointing to a year-over-year increase of 31.2%. It is anticipated that revenues will amount to $2.62 billion, exhibiting an increase of 15.1% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.With that in mind, let's delve into the average projections of some Expeditors International metrics that are commonly tracked and projected by analysts on Wall Street.Analysts forecast 'Revenues- Airfreight services' to reach $988.25 million. The estimate suggests a change of +14.1% year over year.The consensus among analysts is that 'Revenues- Ocean freight and ocean services' will reach $696.32 million. The estimate points to a change of +36% from the year-ago quarter.It is projected by analysts that the 'Net revenues- Ocean freight and ocean services' will reach $166.10 million. The estimate indicates a year-over-year change of +7.8%.Analysts' assessment points toward 'Net revenues- Airfreight services' reaching $277.00 million. The estimate indicates a year-over-year change of +22.4%.Analysts predict that the 'Net revenues- Customs brokerage and other services' will reach $397.79 million. The estimate suggests a change of +3.7% year over year.The combined assessment of analysts suggests that 'Revenues- Customs brokerage and other services' will likely reach $936.32 million. The estimate points to a change of +4.1% from the year-ago quarter.View all Key Company Metrics for Expeditors International here>>>Over the past month, shares of Expeditors International have returned -0.4% versus the Zacks S&P 500 composite's +3.9% change. Currently, EXPD carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Expeditors International of Washington, Inc. (EXPD): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks