Earnings To Watch: Expeditors (EXPD) Reports Q2 Results Tomorrow
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Logistics and freight forwarding company Expeditors EXPD will be reporting results this Tuesday before the bell. Here's what to look for. Expeditors beat analysts' revenue expectations last quarter, reporting revenues of $2.78 billion, up 4.4% year on year. It was an incredible quarter for the company, with a beat of analysts' EPS estimates. Is Expeditors a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Expeditors's revenue to grow 11.4% year on year, improving from the 8.7% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Expeditors has a history of exceeding Wall Street's expectations. Looking at Expeditors's peers in the air freight and logistics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. C.H. Robinson Worldwide delivered year-on-year revenue growth of 19.3%, beating analysts' expectations by 12.7%, and United Parcel Service reported revenues up 7.6%, topping estimates by 4.4%. C.H. Robinson Worldwide traded down 14.7% following the results while United Parcel Service was also down 7.4%. Read our full analysis of C.H. Robinson Worldwide's results here...
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