For its third fiscal quarter (ending September 30), Expeditors International of Wash (NASDAQ: EXPD) has reported a -55% decline in E.P.S. from $2.56 a year ago to $1.16 in the current quarter. This performance was $-0.12 short of the consensus estimate of $1.28. For the latest four quarters through September 30, E.P.S. were $5.34 versus $9.59 for the same period a year ago — a decline of -44%.
Recent Price Action
Expeditors International of Wash (NASDAQ: EXPD) stock declined modestly by -1.0% on 11/7/23. The stock closed at $110.40. The stock has been strong relative to the market over the last nine months and has risen 1.3% during the last week.
Current PriceTarget Research Rating
EXPD’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Expeditors International of has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Expeditors International of has a very low Appreciation Score of 13 but a good Power Rating of 77, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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