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Fool Checkup: Expeditors International of Washington Earnings

Thursday - 5/2/2013, 2:00am  ET

Expeditors International of Washington reported earnings on May 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Expeditors International of Washington missed estimates on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue was unchanged. GAAP earnings per share expanded.

Gross margins contracted, operating margins shrank, net margins grew.

Revenue details
Expeditors International of Washington logged revenue of $1.41 billion. The 13 analysts polled by S&P Capital IQ anticipated sales of $1.46 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.39. The 20 earnings estimates compiled by S&P Capital IQ predicted $0.39 per share. GAAP EPS of $0.39 for Q1 were 8.3% higher than the prior-year quarter's $0.36 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 12.4%, 30 basis points worse than the prior-year quarter. Operating margin was 9.1%, 20 basis points worse than the prior-year quarter. Net margin was 5.7%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.57 billion. On the bottom line, the average EPS estimate is $0.44.

Next year's average estimate for revenue is $6.31 billion. The average EPS estimate is $1.77.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 521 members out of 547 rating the stock outperform, and 26 members rating it underperform. Among 173 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 170 give Expeditors International of Washington a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Expeditors International of Washington is outperform, with an average price target of $42.98.

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This article was originally published as Fool Checkup: Expeditors International of Washington Earningson Fool.com

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