Expeditors International of Washington Inc. ($EXPD) Stock Forecast: Down 5.1% Today

What is Expeditors International of Washington Inc.?

Expeditors International of Washington, Inc. (EXPD) is a logistics and freight forwarding company that provides supply chain solutions worldwide. The company offers air and ocean freight consolidation and forwarding, customs brokerage, vendor consolidation, cargo insurance, distribution, and other logistics services.

Why is Expeditors International of Washington Inc. going down?

EXPD stock is down 5.1% on Aug 6, 2024 19:04

• Despite meeting EPS and beating revenue estimates for Q2 2024, Expeditors Intl's stock experienced a bearish movement.
• The 9% revenue boost and positive performance in airfreight tonnage volume did not counteract the overall market sentiment.
• The transportation sector, including Expeditors Intl, could be under pressure from broader market conditions despite the positive outlook on transportation stocks due to their essential role in the economy.
• Concerns beyond the company's performance might be influencing investors and causing the bearish movement in Expeditors Intl's stock.

EXPD Price Chart

EXPD News

EXPD Stock Earnings: Expeditors Intl Meets EPS, Beats Revenue for Q2 2024

Expeditors Intl (NASDAQ: EXPD ) just reported results for the second quarter of 2024. Expeditors Intl reported earnings per share of $1.24. This met the analyst estimate for EPS of $1.24. The company reported revenue of $2.44 billion. This was 8.88% better than the analyst estimate for revenue of $2.24 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. More From InvestorPlace Legendary Investor Predicts: “Forget AI… THIS Technology Is the Future” The post EXPD Stock Earnings: Expeditors Intl Meets EPS, Beats Revenue for Q2 2024 appeared first on InvestorPlace .

https://investorplace.com/earning-results/2024/08/expd-stock-earnings-expeditors-intl-for-q2-of-2024/

Expeditors International Boasts 9% Revenue Boost In Q2, Returns $205M To Shareholders - Expeditors Intl ( NYSE:EXPD )

Expeditors International Of Washington, Inc. EXPD reported a second-quarter fiscal 2024 revenue increase of 9% year-over-year to $2.439 billion, beating the consensus of $2.28 billion. Airfreight tonnage volume increased by 15%, and ocean container volume decreased by 3%.

https://www.benzinga.com/news/earnings/24/08/40196272/expeditors-international-boasts-9-revenue-boost-in-q2-returns-205m-to-shareholders

Expeditors ( EXPD ) Q2 Earnings In Line, Revenues Beat Estimates

Expeditors' (EXPD) airfreight tonnage volume increases 15% in the second quarter, while ocean container volume decreases 3%.

https://www.zacks.com/stock/news/2317173/expeditors-expd-q2-earnings-in-line-revenues-beat-estimates

Expeditors International of Washington Inc (EXPD) Q2 2024: Everything You Need To Know Ahead Of ...

Expeditors International of Washington Inc (EXPD) Q2 2024: Everything You Need To Know Ahead Of Earnings

https://www.gurufocus.com/news/2492248/expeditors-international-of-washington-inc-expd-q2-2024-everything-you-need-to-know-ahead-of-earnings

The Top 3 Transportation Stocks to Buy Now: Summer 2024

Many investors find transportation stocks unique due to their inherent qualities and vital role in the economy. Whether it’s people or goods, transportation is a fundamental service with demand that tends to be resilient, even in softer markets. Likewise, this industry is essential for economic growth, which means that its constituents tend to grow in line with the economy. With the U.S. economy posting GDP growth of 2.8% in the three months to June and beating expectations, the outlook on transportation stocks remains robust. In fact, transportation stocks could offer many buying opportunities today, given that they have lagged behind the market over the past year. The iShares U.S. Transportation ETF (BATS: IYT ), the largest pure-play transportation ETF, has underperformed, remaining relatively flat compared to the S&P 500 . The S&P 500 itself has surged by about 20% during this period. With the economy thriving yet transportation stocks lagging behind, it’s likely that many names in the space are undervalued.

https://investorplace.com/2024/08/the-top-3-transportation-stocks-to-buy-now-summer-2024/

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Expeditors International of Washington Inc. Price History

31.04.2023 - EXPD Stock was down 4.4%

• Despite the positive news about Expeditors' solid liquidity and pro-investor steps, the stock had a strong bearish movement today.
• It is possible that investors are reacting to broader market trends or concerns about the logistics industry as a whole.
• Without any specific negative news about Expeditors, it may be a good opportunity for investors to consider buying the stock at a discounted price.

31.04.2023 - EXPD Stock was down 5.2%

• Despite the positive news of solid liquidity and pro-investor steps, EXPD experienced a strong bearish movement today.
• The reason for the bearish movement is not clear from the given article alone, but it could be due to external factors such as global economic uncertainty or industry-specific challenges.
• Traders should keep an eye on any further developments and news related to EXPD to make informed decisions about their investments.

31.04.2023 - EXPD Stock was down 4.2%

• EXPD experienced a strong bearish movement today.
• The recent news about the company suggests that it has solid liquidity and pro-investor steps, which could be a positive sign for the future.
• However, it is unclear what caused the bearish movement today. It could be due to broader market trends or specific news about the company that has not been reported yet.

20.01.2024 - EXPD Stock was down 5.5%

• EXPD experienced a bearish movement likely due to the projected decline in container volume, impacting its fourth-quarter revenues.
• The negative market sentiment towards EXPD could be a result of investors anticipating weaker financial performance in the upcoming earnings report.
• The overall bearish trend in the logistics sector, possibly influenced by global supply chain disruptions, might have further contributed to EXPD's downward movement.
• Investors are closely monitoring EXPD's earnings report to gauge the extent of the impact of declining container volume on the company's financial health.

31.04.2023 - EXPD Stock was down 4.7%

• EXPD stock experienced a strong bearish movement today.
• Despite the recent pro-investor steps and solid liquidity, the stock was not able to withstand the market pressure.
• The reason behind this bearish movement is not clear from the given article, but it could be due to broader market trends or specific news related to the logistics industry.

31.04.2023 - EXPD Stock was down 4.1%

• The bearish movement in EXPD's stock could be due to profit-taking by investors after a recent surge in the stock's price.
• Despite the bearish movement, the article suggests that investors should retain their holdings in EXPD due to the company's solid liquidity and pro-investor steps.
• It is possible that external factors such as changes in global trade policies or economic uncertainty could have contributed to the bearish movement.

31.04.2023 - EXPD Stock was down 5.2%

• EXPD had a strong bearish movement today, despite the positive news about the company's solid liquidity and pro-investor steps.
• The market might have reacted to the overall bearish sentiment in the logistics and freight forwarding industry due to the ongoing trade tensions and the COVID-19 pandemic.
• The negative market movement might also be attributed to the company's recent financial performance, which might have failed to meet the market's expectations.

31.04.2023 - EXPD Stock was down 4.3%

• EXPD's bearish movement today could be due to profit-taking by investors who were bullish on the stock after the company's recent pro-investor steps and solid liquidity.
• The article suggests that investors should retain their EXPD stock, indicating that the bearish movement may be a temporary dip rather than a long-term trend.
• It's important to keep an eye on any further developments or news that may impact EXPD's stock movement in the coming days.

07.10.2023 - EXPD Stock was down 9.8%

• The bearish movement in EXPD's stock today can be attributed to the following factors:
• 1. Decreasing investor confidence: The news articles mention that Mirabella Financial Services LLP acquired a new stake in EXPD while Versor Investments LP lowered its position in the company. This indicates a shift in investor sentiment, potentially leading to selling pressure on the stock.
• 2. Weakening demand and falling rates: The article highlights that declining volumes due to weakening demand and falling rates could have affected EXPD's performance in the third quarter. This suggests that the company may be facing challenges in its core business, leading to a negative market reaction.
• 3. Rise in expenses: The article also mentions that rising expenses could have impacted EXPD's performance. This could indicate that the company is facing increased costs, potentially squeezing its profit margins and leading to a bearish market movement.
• Overall, the bearish movement in EXPD's stock today can be attributed to decreasing investor confidence, weakening demand and falling rates, and a rise in expenses. These factors suggest potential challenges for the company in its operations and financial performance.

06.07.2024 - EXPD Stock was down 5.1%

• Despite meeting EPS and beating revenue estimates for Q2 2024, Expeditors Intl's stock experienced a bearish movement.
• The 9% revenue boost and positive performance in airfreight tonnage volume did not counteract the overall market sentiment.
• The transportation sector, including Expeditors Intl, could be under pressure from broader market conditions despite the positive outlook on transportation stocks due to their essential role in the economy.
• Concerns beyond the company's performance might be influencing investors and causing the bearish movement in Expeditors Intl's stock.

06.07.2024 - EXPD Stock was down 3.6%

• EXPD stock might have experienced a bearish movement due to profit-taking after a period of growth or high expectations not being met in the Q2 earnings.
• Despite the positive outlook on transportation stocks as a whole, EXPD's specific performance in the earnings report might have disappointed investors, leading to the bearish trend.
• The anticipation of EXPD potentially not meeting Q2 earnings estimates could have contributed to the downward pressure on the stock price.
• Investors might be comparing EXPD's performance with other transportation stocks like CPA and ZIM, which are expected to outpace Q2 earnings estimates, leading to a shift in investment focus away from EXPD.