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Seattle, Washington-based Expeditors International of Washington, Inc. (EXPD) is a leading third-party logistics provider. With a market cap of $16.3 billion, Expeditors offers global logistics management, including international freight forwarding and consolidation, for both air and ocean freight.
The logistics giant is set to announce its third-quarter results before the market opens on Tuesday, Nov. 4. Ahead of the event, analysts expect EXPD to deliver an adjusted profit of $1.40 per share, down 14.1% from $1.63 per share reported in the year-ago quarter. On a positive note, the company has a solid earnings surprise history. It has surpassed the Street’s bottom-line estimates in each of the past four quarters.
