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Expeditors International of Washington, Inc. (EXPD), based in Seattle, is a leading third-party logistics provider specializing in global logistics management, including international air and ocean freight forwarding and consolidation. The company's current market cap stands at $17.5 billion, and it plans to release its Q2 earnings for fiscal 2024 before the market opens on Tuesday, Aug. 6.
Ahead of the event, analysts expect Expeditors International to report a profit of $1.24 per share, down 4.6% from $1.30 per share in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in only one of the last four quarters and missed on three other occasions. Expeditors International reported an EPS of $1.17 for the last reported quarter, surpassing the consensus estimate by 6.4%.
