Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Free Report) has been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $153.7778.
A number of brokerages have issued reports on EXPD. JPMorgan Chase & Co. lifted their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Barclays raised their price objective on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Bank of America boosted their target price on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st.
Check Out Our Latest Research Report on Expeditors International of Washington
Expeditors International of Washington Price Performance EXPD stock opened at $175.37 on Thursday. Expeditors International of Washington has a 1-year low of $110.48 and a 1-year high of $183.52. The company has a market capitalization of $22.94 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 5.00 and a beta of 1.04. The business has a 50 day simple moving average of $165.48 and a two-hundred day simple moving average of $156.04.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the previous year, the company earned $1.47 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.
Expeditors International of Washington Dividend Announcement The company also recently disclosed a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.81 per share. This represents a dividend yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is 26.21%.
Institutional Investors Weigh In On Expeditors International of Washington Several large investors have recently bought and sold shares of EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Expeditors International of Washington by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after buying an additional 623 shares during the last quarter. Jones Financial Companies Lllp grew its position in Expeditors International of Washington by 75.4% in the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after acquiring an additional 999 shares in the last quarter. Woodline Partners LP increased its stake in Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after acquiring an additional 3,420 shares during the last quarter. Focus Partners Wealth raised its position in Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after purchasing an additional 1,324 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Expeditors International of Washington by 29.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.
Expeditors International of Washington Company Profile (Get Free Report)
Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.
The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.
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Key Takeaways Analysts are raising earnings estimates on Expeditors International ahead of Q2 results.The Zacks Consensus is looking for earnings to jump 13.3% in 2026.Expeditors International has a $3 billion share repurchase program and pays a dividend. Expeditors International of Washington, Inc. (EXPD - Free Report) is expected to grow earnings by the double digits in 2026 as logistics heats up. Analysts are raising earnings estimates on this Zacks Rank #1 (Strong Buy) even before it reports Q2 earnings in August 2026.
Expeditors International of Washington is a global logistics company headquartered in Bellevue, Washington. It has 171 district offices and numerous branch locations across six continents.
Services include consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, time-definite transportation, cargo insurance, order management, customized logistics solutions, and warehousing and distribution.
Expeditors International Expands its Aircraft on Ground (AOG) CapabilitiesOn July 20, 2026, Expeditors International of Washington announced it was expanding its global Aircraft on Ground (AOG) capabilities by bringing together logistics teams, 24/7/365 support centers and access to the company’s global network for those customers facing urgent operational disruptions.
The AOG product supports airlines, aircraft manufacturers, maintenance, repair and overhaul organizations, aerospace suppliers, defense customers, advanced air mobility providers, and others who are in the aviation industry.
This comes at a time when there is a need for specialized support during unexpected aircraft downtime, critical parts shortages, and unplanned maintenance events, as well as other operational challenges. The global air fleet is aging and requires more support.
Analysts Bullish on Expeditors International’s Earnings for Q2 2026 and FY2026Expeditors will report second quarter 2026 earnings on Aug 4, 2026. But the analysts are getting bullish ahead of the report.
One estimate has been raised for the second quarter in the last week, pushing the Zacks Consensus Estimate up to $1.68 from $1.64. This is earnings growth of 25.4% as Expeditors only made $1.34 last year.
It has beat on earnings nine quarters in a row.
For the full year, analysts are bullish as well. One estimate is higher in the last seven days, with four higher in the last month for 2026. The 2026 Zacks Consensus Estimate has jumped to $6.74 from $6.66 in the last month.
But the most accurate estimate for the full year is looking for $6.85, which is $0.09 higher than the consensus.
This is 13.3% earnings growth year-over-year as Expeditors made $5.95 in 2025.
Image Source: Zacks Investment Research
Shares of Expeditors International Near 52-Week HighsThe shares have busted out to new 5-year and 52-week highs as the earnings picture has improved.
Image Source: Zacks Investment Research
Expeditors International isn’t cheap, however. It trades with a forward price-to-earnings (P/E) ratio of 26.5. A P/E of 15 or under usually indicates value. But investors would be buying Expeditors for its growth.
It is shareholder friendly. In Feb 2026, the Board of Directors authorized a new $3 billion share repurchase program. It is also a dividend aristocrat and pays a dividend yielding 0.9%.
Since 2024, Expeditors International has returned nearly $2 billion to shareholders in the form of dividends and share repurchases.
Logistic services are heating up again. For those looking for a way to get in on this trade, Expeditors International of Washington should be on your short list.
Bank of New York Mellon Corp decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 679,203 shares of the transportation company’s stock after selling 26,712 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.51% of Expeditors International of Washington worth $97,282,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in EXPD. Elyxium Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $28,000. DV Equities LLC acquired a new position in Expeditors International of Washington in the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC acquired a new position in Expeditors International of Washington in the 4th quarter valued at about $30,000. Bard Associates Inc. purchased a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. raised its stake in Expeditors International of Washington by 132.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 131 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.
Expeditors International of Washington Trading Down 3.1% Shares of EXPD stock opened at $177.12 on Tuesday. The company has a market capitalization of $23.17 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 5.00 and a beta of 1.04. The firm has a 50-day moving average price of $163.70 and a 200 day moving average price of $155.32. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $183.52.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 EPS. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.
Expeditors International of Washington Dividend Announcement The business also recently disclosed a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.81 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s payout ratio is currently 26.21%.
Wall Street Analysts Forecast Growth A number of research analysts have recently issued reports on EXPD shares. UBS Group boosted their target price on Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Susquehanna raised their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Barclays raised their price objective on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Finally, Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $148.56.
Get Our Latest Stock Report on Expeditors International of Washington
Expeditors International of Washington Company Profile (Free Report)
Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.
The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.
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Investors interested in stocks from the Transportation - Services sector have probably already heard of DHL Group Sponsored ADR (DHLGY) and Expeditors International (EXPD). But which of these two stocks offers value investors a better bang for their buck right now?
A strong stock as of late has been Expeditors International (EXPD - Free Report) . Shares have been marching higher, with the stock up 13.3% over the past month. The stock hit a new 52-week high of $183.52 in the previous session. Expeditors International has gained 22.7% since the start of the year compared to the 19.1% gain for the Zacks Transportation sector and the 15.3% return for the Zacks Transportation - Services industry.
What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on May 5, 2026, Expeditors International reported EPS of $1.71 versus consensus estimate of $1.33 while it beat the consensus revenue estimate by 8.02%.
For the current fiscal year, Expeditors International is expected to post earnings of $6.71 per share on $11.67 in revenues. This represents a 12.77% change in EPS on a 5.46% change in revenues. For the next fiscal year, the company is expected to earn $6.85 per share on $12.09 in revenues. This represents a year-over-year change of 2.15% and 3.6%, respectively.
Valuation MetricsExpeditors International may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Expeditors International has a Value Score of D. The stock's Growth and Momentum Scores are B and A, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 27.3X current fiscal year EPS estimates, which is a premium to the peer industry average of 26.3X. On a trailing cash flow basis, the stock currently trades at 28.3X versus its peer group's average of 8.5X. Additionally, the stock has a PEG ratio of 3.04. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks RankWe also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Expeditors International currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Expeditors International fits the bill. Thus, it seems as though Expeditors International shares could have a bit more room to run in the near term.
How Does EXPD Stack Up to the Competition?Shares of EXPD have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Matson, Inc. (MATX - Free Report) . MATX has a Zacks Rank of #2 (Buy) and a Value Score of B, a Growth Score of C, and a Momentum Score of B.
Earnings were strong last quarter. Matson, Inc. beat our consensus estimate by 12.12%, and for the current fiscal year, MATX is expected to post earnings of $14.16 per share on revenue of $3.45 billion.
Shares of Matson, Inc. have gained 16.2% over the past month, and currently trade at a forward P/E of 15.69X and a P/CF of 9.3X.
The Transportation - Services industry is in the top 38% of all the industries we have in our universe, so it looks like there are some nice tailwinds for EXPD and MATX, even beyond their own solid fundamental situation.
BELLEVUE, Wash.--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NYSE:EXPD) today announced the expansion of its global Aircraft on Ground (AOG) capabilities, bringing together dedicated critical logistics teams, 24/7/365 support centers, and access to the company's global network to support aviation and aerospace customers facing urgent operational disruptions. The AOG offering supports airlines, aircraft manufacturers, maintenance, repair and overhaul (MRO) organizations, aeros.
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Expeditors International (EXPD - Free Report) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Expeditors International currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market? In order to see if EXPD is a promising momentum pick, let's examine some Momentum Style elements to see if this logistics services provider holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For EXPD, shares are up 2.66% over the past week while the Zacks Transportation - Services industry is down 0.34% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 12.79% compares favorably with the industry's 7.8% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Expeditors International have increased 21.51% over the past quarter, and have gained 59.73% in the last year. On the other hand, the S&P 500 has only moved 7.33% and 21.58%, respectively.
Investors should also take note of EXPD's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now EXPD is averaging 1,053,126 shares for the last 20 days..
Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with EXPD.
Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost EXPD's consensus estimate, increasing from $6.66 to $6.71 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom LineGiven these factors, it shouldn't be surprising that EXPD is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Expeditors International on your short list.
Key Takeaways DuPont analysis breaks ROE into margin, asset efficiency and leverage for deeper stock insights.MAMA, EXPD, GWW and ECG passed DuPont-based screens backed by Zacks Rank #2 (Buy) ratings.DuPont helps spot quality firms and avoid high-ROE stocks driven mainly by excessive debt. Return on equity (ROE) is one of the most favored metrics of investors. It is a profitability ratio that measures earnings generated by a company from its equity. Investors can follow the ROE trend in companies and compare this to historical or industry benchmarks to pick a winning stock.
However, stepping beyond the basic ROE and analyzing it at an advanced level could lead to even better returns. Here is where the DuPont analysis comes into play. It is an analytical method that examines three major elements – operating management, management of assets and the capital structure – related to the financial condition of a company. Below we show how DuPont breaks down ROE into its different components:
ROE = Net Income/Equity
Net Income / Equity = (Net Income / Sales) * (Sales / Assets) * (Assets / Equity)
The screener yields winning stocks like Mama's Creations Inc. (MAMA - Free Report) , Expeditors International of Washington (EXPD - Free Report) , W.W. Grainger (GWW - Free Report) and Everus Construction Group Inc. (ECG - Free Report) .
Why Use DuPont?Although one can’t play down the importance of normal ROE calculation, the fact remains that it doesn’t always provide a complete picture. The DuPont analysis, on the other hand, allows investors to assess the elements that play a dominant role in any change in ROE. It can help investors to segregate companies having higher margins from those having high turnover. For example, high-end fashion brands generally survive on high margin as compared with retail goods, which rely on higher turnover.
In fact, it also sheds light on the company’s leverage status, which can go a long way in selecting stocks poised for gains. A lofty ROE could be due to the overuse of debt. Thus, the strength of a company can be misleading if it has a high debt load.
So, an investor confined solely to an ROE perspective may be confused if he or she has to judge between two stocks of equal ratio. This is where DuPont analysis wins over and spots the better stock.
Investors can simply do this analysis by taking a look at the company’s financials.However, looking at the financial statements of each company separately can be a tedious task. Screening tools like Zacks Research Wizard can come to your rescue and help you shortlist the stocks that look impressive with a DuPont analysis.
Screening Parameters• Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. Generally, it is the key contributor to ROE.
• Asset Turnover Ratio more than or equal to 2: It allows an investor to assess management’s efficiency in using assets to drive sales.
• Equity Multiplier between 1 and 3: It’s an indication of how much debt the company uses to finance its assets.
• Zacks Rank less than or equal to 2: Stocks having a Zacks Rank #1 (Strong Buy) or 2 (Buy) generally perform better than their peers in all types of market environments.
• Current Price more than $5: This screens out the low-priced stocks. However, when looking for lower-priced stocks, this criterion can be removed.
Here are all four stocks that made it through the screen:
Mama's Creations Inc: The Zacks Rank #2 company manufactures and distributes fresh deli-prepared foods sold through more than 12,000 grocery, mass, club and convenience stores across the United States. You can see the complete list of today’s Zacks #1 Rank stocks here.
The average earnings surprise of MAMA for the past four quarters is 129.17%.
Expeditors International of Washington: The Zacks Rank #2 company is a leading third-party logistics provider.
The average earnings surprise of EXPD for the past four quarters is 13.96%.
W.W. Grainger:The Zacks Rank #2 company is a broad-line, business-to-business distributor of maintenance, repair and operating products and services.
The average earnings surprise of GWW for the past four quarters is 4.21%.
Everus Construction Group: The Zacks Rank #2 company is providing a full spectrum of construction services through its electrical and mechanical, and transmission and distribution specialty contracting services principally in the United States.
The average earnings surprise of ECG for the past four quarters is 61.97%.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Expeditors International (EXPD - Free Report) Expeditors International of Washington Inc. is a leading third-party logistics (3PL) provider. The company, based in Seattle, WA, is engaged in the business of global logistics management, including international freight forwarding and consolidation, for both air and ocean freight.
EXPD is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Transportation stock. EXPD has a Momentum Style Score of A, and shares are up 1.4% over the past four weeks.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.11 to $6.68 per share. EXPD boasts an average earnings surprise of +14%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, EXPD should be on investors' short list.
Key Takeaways DuPont analysis breaks ROE into margins, efficiency and leverage to reveal true strength.Screening found five picks: CASY, ECG, GRDN, EXPD and MAMA with solid fundamentals.Strong earnings surprises and healthy DuPont metrics signal potential upside ahead. Return on equity (ROE) is one of the most favored metrics of investors. It is a profitability ratio that measures earnings generated by a company from its equity. Investors can follow the ROE trend in companies and compare this to historical or industry benchmarks to pick a winning stock.
However, stepping beyond the basic ROE and analyzing it at an advanced level could lead to even better returns. Here is where the DuPont analysis comes into play. It is an analytical method that examines three major elements – operating management, management of assets and the capital structure – related to the financial condition of a company. Below, we show how DuPont breaks down ROE into its different components:
ROE = Net Income/Equity
Net Income / Equity = (Net Income / Sales) * (Sales / Assets) * (Assets / Equity)
The screener yields winning stocks like Casey's General Stores (CASY - Free Report) , Everus Construction Group Inc. (ECG - Free Report) , Guardian Pharmacy Services Inc. (GRDN - Free Report) , Expeditors International of Washington (EXPD - Free Report) and Mama's Creations Inc. (MAMA - Free Report) .
Why Use DuPont?Although one can’t play down the importance of normal ROE calculation, the fact remains that it doesn’t always provide a complete picture. The DuPont analysis, on the other hand, allows investors to assess the elements that play a dominant role in any change in ROE. It can help investors to segregate companies with higher margins from those having a high turnover. For example, high-end fashion brands generally survive on high margins as compared with retail goods, which rely on higher turnover.
In fact, it also sheds light on the company’s leverage status, which can go a long way in selecting stocks poised for gains. A lofty ROE could be due to the overuse of debt. Thus, the strength of a company can be misleading if it has a high debt load.
So, an investor confined solely to an ROE perspective may be confused if he or she has to judge between two stocks with equal ratios. This is where DuPont analysis wins over and spots the better stock.
Investors can simply do this analysis by taking a look at the company’s financials.However, looking at the financial statements of each company separately can be a tedious task. Screening tools like Zacks Research Wizard can come to your rescue and help you shortlist the stocks that look impressive with a DuPont analysis.
Screening Parameters• Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. Generally, it is the key contributor to ROE.
• Asset Turnover Ratio more than or equal to 2: It allows an investor to assess management’s efficiency in using assets to drive sales.
• Equity Multiplier between 1 and 3: It’s an indication of how much debt the company uses to finance its assets.
• Zacks Rank less than or equal to 2: Stocks having a Zacks Rank #1 (Strong Buy) or 2 (Buy) generally perform better than their peers in all types of market environments.
• Current Price more than $5: This screens out the low-priced stocks. However, when looking for lower-priced stocks, this criterion can be removed.
Here are five out of 11 stocks that made it through the screen:
Casey's General Stores: The Zacks Rank #1 company operates convenience stores primarily under the Casey's and Casey's General Store names in 19 states, mainly Iowa, Missouri and Illinois. You can see the complete list of today’s Zacks #1 Rank stocks here.
The average earnings surprise of CASY for the past four quarters is 18.40%.
Everus Construction Group: The Zacks Rank #1 company is providing a full spectrum of construction services through its electrical and mechanical, and transmission and distribution specialty contracting services principally in the United States.
The average earnings surprise of ECG for the past four quarters is 61.97%.
Guardian Pharmacy Services:The Zacks Rank #2 company is a long-term care pharmacy services company that provides an extensive suite of technology-enabled services designed to help residents of long-term healthcare facilities.
The average earnings surprise of GRDN for the past four quarters is 16.65%.
Expeditors International of Washington: The Zacks Rank #1 company is a leading third-party logistics provider.
The average earnings surprise of EXPD for the past four quarters is 13.96%.
Mama's Creations: The Zacks Rank #2 company manufactures and distributes fresh deli-prepared foods sold through more than 12,000 grocery, mass, club and convenience stores across the United States.
The average earnings surprise of MAMA for the past four quarters is 129.17%.
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Expeditors International of Washington, Inc. (EXPD) Discusses U.S. Customs Market Update With Focus on Current Tariff Updates and Trade Actions Transcript
Key Takeaways EXPD shares rose 43.4% in a year, outperforming the industry's 21.9% growth. Expeditors benefits from e-commerce growth driving demand for global logistics services. EXPD saw 2026 and 2027 consensus estimates revised 10.1% and 4.3% higher. Expeditors International of Washington (EXPD - Free Report) shares have performed impressively on the bourse of late. Shares of this Seattle, WA-based company have surged 43.4% over the past year, outperforming the Zacks Transportation - Services industry’s 21.9% growth.
Image Source: Zacks Investment Research
Given the impressive price performance, let's take a deeper look at the factors driving growth at this leading third-party logistics (3PL) provider, which currently sports a Zacks Rank #1 (Strong Buy), and assess its potential for continued gains.
The continued expansion of e-commerce remains a favorable tailwind for Expeditors. As online retailers and consumers increasingly demand faster, more reliable deliveries, the need for efficient global logistics solutions has intensified. This trend supports demand for intermodal transportation, where goods are moved seamlessly across ships, railways and trucks. This allows Expeditors to leverage its extensive freight forwarding network and expertise in managing complex supply chains. Sustained e-commerce activity should therefore continue to create opportunities for volume growth and service expansion.
The company's strong balance sheet further enhances its long-term growth prospects by providing the flexibility to pursue strategic acquisitions and invest in its operations without placing undue strain on its finances. Its disciplined approach to capital allocation enables the company to capitalize on growth opportunities while maintaining financial resilience amid changing market conditions.
Moreover, EXPD's commitment to returning capital to shareholders through dividends and share repurchases reflects management's confidence in its cash-generating ability. These shareholder-friendly initiatives not only enhance investor returns but also reinforce market confidence in Expeditors' ability to balance growth investments with shareholder rewards, supporting its overall investment appeal.
Estimate Revisions to Head NorthDriven by the positives discussed above, the Zacks Consensus Estimate for the full-year 2026 and 2027 has been revised 10.1% and 4.3%, respectively, upward over the past 60 days.
Other Stocks to ConsiderInvestors interested in the Zacks Transportation sector may consider Star Bulk Carriers Corp. (SBLK - Free Report) and Teekay Tankers Ltd (TNK - Free Report) .
SBLK currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Star Bulk Carriers has an expected earnings growth rate of more than 100% for the current year. The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and met once in the remaining, delivering an average beat of 75.3%.
Teekay Tankers Ltd currently sports a Zacks Rank #1.
TNK has an expected earnings growth rate of 98% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 10.2%.
Expeditors International of Washington, Inc. (EXPD) Discusses Geopolitical Pressures Impacting Europe's Operating Environment and Supply Chains Transcript
BELLEVUE, Wash.--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NYSE:EXPD) today announced first quarter 2026 financial results including the following comparisons to the same quarter of 2025:
Diluted Net Earnings Attributable to Shareholders per share (EPS1) increased 16% to $1.71 Net Earnings Attributable to Shareholders increased 13% to $230 million Operating Income increased 11% to $295 million Revenues increased 4% to $2.8 billion Airfreight tonnage increased 5% and ocean container volume decreased 4% Customs, Transcon, Distribution, and Order Management each achieved double-digit revenue growth Cash returned to shareholders in the form of share repurchases was $288 million Daniel R. Wall, President and Chief Executive Officer, commented:
“During a period marked by significant disruption in the final month of the quarter, we continued to demonstrate our ability to bring solutions to our customers. This quarter also demonstrates the resilience of our non-asset-based model, as we grew revenues and margins in most of our products and geographies. We relied heavily on the hard work of our people, especially those close to the conflict in the Middle East. We were well prepared for disruption and adapted quickly. As soon as hostilities began, we developed strategies and solutions for our customers to keep freight moving out of and around impacted areas. In periods of heightened disruption, our teams demonstrate their capabilities and advance our aspiration to be the world's most trusted and valued logistics provider. I want to thank our people for their dedication and focus during this challenging time.”
Q1 2026 Operational Highlights
Airfreight services: “Airfreight gross margins increased sequentially from the fourth quarter of 2025 on higher per-kilo profitability, from higher rates and a more stable balance between sell and buy pricing for the first two months of the quarter, as air capacity was less constrained until the conflict in the Middle East began. Airfreight tonnage increased from the first quarter of 2025 as demand from technology customers remained strong. We remained agile and focused on risk management while also managing buy and sell rates during this dynamic time.”
Ocean freight and ocean services: “As expected, the imbalance of global capacity versus demand, which we began to see in the latter half of 2025, continued to impact the ocean industry and led to a decline in our ocean revenues. The decline was due to decreases in both pricing and volume compared to Q1 of 2025. We were impacted by lower average profitability per-container and volume, primarily on exports from Asia. However, with favorable buy rates and disciplined cost control, we partially offset top-line pressure.”
Customs brokerage and other services: “Higher entry volumes and complexity, along with tariff-related activity, drove revenue increases in our customs brokerage business. In addition, disciplined cost control and pricing increases led to higher gross margins, both sequentially and year-over-year. Our other products within Customs brokerage and other services all generated double-digit growth and profitability from a diverse range of geographies and business sectors, driven foremost by demand from hyperscalers and other high-value technology customers. While we manage through the ongoing global uncertainty in the ocean marketplace, our growth and profitability are well balanced by the growth in these other products.
“Looking ahead, we expect the freight environment to remain highly unpredictable, as global events and macroeconomic concerns weigh on our customers and our industry. The air market may continue to face rapid shifts in capacity, routing, pricing, and possible fuel shortages, and we expect the ocean market to remain impacted by abundant capacity and weak pricing. At the same time, our pipeline of new business is strong and we expect continued robust demand for our customs brokerage services due to elevated tariff-driven complexity, tariff refund challenges, and dynamics in the global trade environment. We will continue to work closely with our customers and carrier partners to find solutions and deliver value, while aligning our resources to maximize profitability.”
David A. Hackett, Senior Vice President and Chief Financial Officer, added:
“With headcount sequentially flat versus the prior quarter, coupled with our revenue and margin growth, we meaningfully increased our productivity from the fourth quarter of 2025 as our operating efficiency achieved our 30% historical target. In 2025, we made strategic investments in headcount aimed at higher-growth opportunities, particularly in customs brokerage, as well as essential investments in technology, including artificial intelligence. We are starting to achieve benefits from these investments, which are helping to drive our productivity gains. For a second sequential quarter, operating expenses, excluding transportation-related costs, increased less than one percent compared to the fourth quarter of 2025.”
Mr. Hackett noted that the Company generated $309 million of cash from operations and returned $288 million to shareholders via share repurchases during the first quarter of 2026.
About Expeditors International of Washington, Inc:
Expeditors is a global logistics company headquartered in Bellevue, Washington. The Company employs trained professionals in 171 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.
Disclaimer on Forward-Looking Statements:
Certain statements contained in this news release are “forward-looking statements,” based on management’s views with respect to future events and underlying assumptions that involve risks and uncertainties. These forward-looking statements include statements regarding the resilience of our non-asset-based model; strategies and solutions to keep customer freight moving out of and around impacted areas; our aspiration to be the most trusted and valued logistics company in the world; our disciplined cost control; a strong pipeline of new business and diverse areas of growth; robust demand for our customs brokerage services; our ability to work closely with our customers and carrier partners to find solutions and deliver value, while aligning our resources to maximize profitability; and our ability to achieve benefits from investments in technology, including artificial intelligence to help drive productivity gains. Future financial performance could differ materially because of factors such as: geopolitical uncertainty; national policy changes on tariffs and other similar measures; new capacity in the marketplace; longer ocean transit times; e-commerce demand in the air market; volatile rates; the price of fuel or fuel shortages; our ability to deliver differentiated performance because of our customer service culture and compensation model; our ability to continue to process an increasing number of more complex customs clearances; and our ability to remain a strong, healthy, unified and resilient organization. Port actions, other labor disruptions, tariffs, and the current uncertainty in the global economy could have the effect of heightening many of the other risks described in Item 1A of our Annual Report on Form 10-K, including, without limitation, those related to the success of our strategy and desire to maintain historical unitary profitability, our ability to attract and retain customers, our ability to manage costs, interruptions to our information technology systems, the ability of third-party providers to perform, and potential litigation and contingencies, including risks associated with tax audits, as updated by our reports on Form 10-Q, filed with the Securities and Exchange Commission. These and other factors are discussed in the Company’s regulatory filings with the Securities and Exchange Commission, including those in “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and the Company’s most recent Form 10-Q. The forward-looking statements contained in this news release speak only as of this date and the Company does not assume any obligation to update them except as required by law.
Expeditors International of Washington, Inc.
First Quarter 2026 Earnings Release, May 5, 2026
Financial Summary for three months ended March 31, 2026 and 2025 (Unaudited)
(in 000's of US dollars except share data)
Three months ended March 31,
2026
2025
% Change
Revenues
$
2,782,962
$
2,666,419
4
%
Directly related cost of transportation and other expenses 1
$
1,811,151
$
1,776,675
2
%
Salaries and other operating expenses 2
$
676,983
$
623,886
9
%
Operating income
$
294,828
$
265,858
11
%
Net earnings attributable to shareholders
$
229,610
$
203,795
13
%
Diluted earnings attributable to shareholders per share
$
1.71
$
1.47
16
%
Basic earnings attributable to shareholders per share
$
1.72
$
1.48
16
%
Diluted weighted average shares outstanding
134,076
138,435
Basic weighted average shares outstanding
133,543
137,833
1Directly related cost of transportation and other expenses totals Operating Expenses from Airfreight services, Ocean freight and ocean services and Customs brokerage and other services as shown in the Condensed Consolidated Statements of Earnings.
2Salaries and other operating expenses totals Salaries and related, Rent and occupancy, Depreciation and amortization, Selling and promotion and Other as shown in the Condensed Consolidated Statements of Earnings.
During the three months ended March 31, 2026, we repurchased 2.0 million shares of common stock at an average price of $145.90. During the three months ended March 31, 2025, we repurchased 1.5 million shares of common stock at an average price of $117.29 per share.
Employee Full-time Equivalents as of March 31,
2026
2025
North America
7,524
7,098
Europe
4,204
3,935
North Asia
2,302
2,287
South Asia
2,041
1,833
Middle East, Africa and India
1,506
1,440
Latin America
892
829
Information Systems
1,498
1,358
Corporate
394
423
Total
20,361
19,203
First quarter year-over-year
percentage increase (decrease) in:
Airfreight
Ocean freight
2026
kilos
FEU
January
7
%
(2
)%
February
7
%
(7
)%
March
3
%
(4
)%
Quarter
5
%
(4
)%
EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(In thousands, except per share data)
(Unaudited)
March 31, 2026
December 31, 2025
Assets:
Current Assets:
Cash and cash equivalents
$
1,316,497
$
1,314,285
Accounts receivable, less allowance for credit loss of $7,133 at March 31, 2026 and $7,241 at December 31, 2025
2,056,808
2,021,889
Deferred contract costs
179,533
283,281
Other
99,228
136,167
Total current assets
3,652,066
3,755,622
Property and equipment, less accumulated depreciation and amortization of $657,248 at March 31, 2026 and $651,087 at December 31, 2025
457,185
462,122
Operating lease right-of-use assets
544,496
550,162
Goodwill
7,927
7,927
Deferred income tax asset, net
102,872
101,671
Other assets, net
17,134
16,134
Total assets
$
4,781,680
$
4,893,638
Liabilities:
Current Liabilities:
Accounts payable
$
1,143,919
$
1,123,429
Accrued expenses, primarily salaries and related costs
496,370
448,055
Contract liabilities
256,902
358,386
Current portion of operating lease liabilities
113,803
110,891
Federal, state and foreign income taxes payable
30,400
32,046
Total current liabilities
2,041,394
2,072,807
Noncurrent portion of operating lease liabilities
451,178
459,698
Deferred income tax liability, net
2,483
3,040
Shareholders’ Equity:
Common stock, par value $0.01 per share. Issued and outstanding: 132,024 shares at March 31, 2026 and 133,884 shares at December 31, 2025
1,320
1,339
Additional paid-in capital
—
—
Retained earnings
2,479,067
2,538,455
Accumulated other comprehensive loss
(196,017
)
(184,161
)
Total shareholders’ equity
2,284,370
2,355,633
Noncontrolling interest
2,255
2,460
Total equity
2,286,625
2,358,093
Total liabilities and equity
$
4,781,680
$
4,893,638
EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
AND SUBSIDIARIES
Condensed Consolidated Statements of Earnings
(In thousands, except per share data)
(Unaudited)
Three months ended March 31,
2026
2025
Revenues:
Airfreight services
$
1,030,863
$
901,760
Ocean freight and ocean services
598,884
781,665
Customs brokerage and other services
1,153,215
982,994
Total revenues
2,782,962
2,666,419
Operating Expenses:
Airfreight services
769,483
648,494
Ocean freight and ocean services
416,021
573,901
Customs brokerage and other services
625,647
554,280
Salaries and related
499,571
457,937
Rent and occupancy
68,456
64,343
Depreciation and amortization
13,875
14,604
Selling and promotion
10,371
8,574
Other
84,710
78,428
Total operating expenses
2,488,134
2,400,561
Operating income
294,828
265,858
Other Income:
Interest income
8,640
9,184
Other, net
3,018
839
Other income, net
11,658
10,023
Earnings before income taxes
306,486
275,881
Income tax expense
76,442
71,782
Net earnings
230,044
204,099
Less net earnings attributable to the noncontrolling interest
434
304
Net earnings attributable to shareholders
$
229,610
$
203,795
Diluted earnings attributable to shareholders per share
$
1.71
$
1.47
Basic earnings attributable to shareholders per share
$
1.72
$
1.48
Weighted average diluted shares outstanding
134,076
138,435
Weighted average basic shares outstanding
133,543
137,833
EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
Three months ended March 31,
2026
2025
Operating Activities:
Net earnings
$
230,044
$
204,099
Adjustments to reconcile net earnings to net cash from operating activities:
Provisions for losses on accounts receivable
800
761
Deferred income tax benefit
—
76
Stock compensation expense
12,823
11,549
Depreciation and amortization
13,875
14,604
Other, net
(3,645
)
2,291
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable
(49,513
)
108,149
Increase (decrease) in accounts payable and accrued liabilities
68,351
(18,419
)
Decrease in deferred contract costs
101,136
75,973
Decrease in contract liabilities
(98,589
)
(89,288
)
Increase in income taxes payable, net
38,583
30,340
(Increase) decrease in other, net
(4,631
)
2,487
Net cash from operating activities
309,234
342,622
Investing Activities:
Purchase of property and equipment
(12,612
)
(13,152
)
Other, net
130
156
Net cash from investing activities
(12,482
)
(12,996
)
Financing Activities:
Proceeds on borrowings on lines of credit, net
2,864
195
Proceeds from issuance of common stock
3,126
13,043
Repurchases of common stock
(287,624
)
(177,354
)
Payments for taxes related to net share settlement of equity awards
(7,544
)
(509
)
Distribution to noncontrolling interest
(650
)
(1,346
)
Net cash from financing activities
(289,828
)
(165,971
)
Effect of exchange rate changes on cash and cash equivalents
(4,712
)
6,545
Change in cash and cash equivalents
2,212
170,200
Cash and cash equivalents at beginning of period
1,314,285
1,148,320
Cash and cash equivalents at end of period
$
1,316,497
$
1,318,520
Taxes Paid:
Income taxes
$
35,517
$
40,624
EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
AND SUBSIDIARIES
Business Segment Information
(In thousands)
(Unaudited
MIDDLE
EAST,
OTHER
AFRICA
UNITED
NORTH
LATIN
NORTH
SOUTH
AND
ELIMI-
CONSOLI-
STATES
AMERICA
AMERICA
ASIA
ASIA
EUROPE
INDIA
NATIONS
DATED
For the three months ended March 31, 2026:
Revenues
$
954,577
129,634
58,995
602,916
423,176
448,874
167,158
(2,368
)
2,782,962
Directly related cost of transportation and other expenses1
$
491,134
81,293
33,542
481,724
324,245
282,069
118,772
(1,628
)
1,811,151
Salaries and related costs
$
282,169
22,992
11,392
36,988
31,677
93,654
20,699
—
499,571
Other operating expenses2
$
36,527
14,734
8,553
35,125
27,606
42,769
12,823
(725
)
177,412
Operating income
$
144,747
10,615
5,508
49,079
39,648
30,382
14,864
(15
)
294,828
Identifiable assets at period end
$
2,567,887
170,840
120,586
439,065
399,901
800,822
295,321
(12,742
)
4,781,680
Capital expenditures
$
7,568
251
149
800
1,038
2,099
707
—
12,612
Depreciation and amortization
$
7,253
500
246
1,342
828
2,915
791
—
13,875
Equity
$
1,456,421
47,210
42,610
257,768
161,247
244,451
175,389
(98,471
)
2,286,625
For the three months ended March 31, 2025:
Revenues
$
854,449
116,485
62,389
695,008
364,577
422,795
152,872
(2,156
)
2,666,419
Directly related cost of transportation and other expenses1
$
451,917
73,193
36,435
554,494
281,495
271,716
108,848
(1,423
)
1,776,675
Salaries and related costs
$
258,089
19,592
10,438
40,361
28,072
81,549
19,836
—
457,937
Other operating expenses2
$
22,548
14,828
9,914
37,746
23,285
43,359
15,028
(759
)
165,949
Operating income
$
121,895
8,872
5,602
62,407
31,725
26,171
9,160
26
265,858
Identifiable assets at period end
$
2,588,265
177,996
107,290
503,899
348,424
772,342
277,677
(19,243
)
4,756,650
Capital expenditures
$
8,407
226
225
505
874
1,156
1,759
—
13,152
Depreciation and amortization
$
8,938
497
251
1,056
570
2,646
646
—
14,604
Equity
$
1,481,145
50,613
46,120
273,084
145,611
169,589
164,036
(42,695
)
2,287,503
More News From Expeditors International of Washington, Inc.
Expeditors International (EXPD - Free Report) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +28.25%. A quarter ago, it was expected that this logistics services provider would post earnings of $1.46 per share when it actually produced earnings of $1.49, delivering a surprise of +2.05%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Expeditors International, which belongs to the Zacks Transportation - Services industry, posted revenues of $2.78 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 8.02%. This compares to year-ago revenues of $2.67 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Expeditors International shares have lost about 6.2% since the beginning of the year versus the S&P 500's gain of 5.2%.
What's Next for Expeditors International?While Expeditors International has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Expeditors International was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.46 on $2.64 billion in revenues for the coming quarter and $6.05 on $11.03 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Services is currently in the top 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Hertz Global Holdings, Inc. (HTZ - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.
This company is expected to post quarterly loss of $0.76 per share in its upcoming report, which represents a year-over-year change of +32.1%. The consensus EPS estimate for the quarter has been revised 11% higher over the last 30 days to the current level.
Hertz Global Holdings, Inc.'s revenues are expected to be $1.88 billion, up 3.7% from the year-ago quarter.
For the quarter ended March 2026, Expeditors International (EXPD - Free Report) reported revenue of $2.78 billion, up 4.4% over the same period last year. EPS came in at $1.71, compared to $1.47 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.58 billion, representing a surprise of +8.02%. The company delivered an EPS surprise of +28.25%, with the consensus EPS estimate being $1.33.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Expeditors International performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Airfreight services: $1.03 billion versus $925.41 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.3% change.Revenues- Ocean freight and ocean services: $598.88 million versus $585.66 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -23.4% change.Revenues- Customs brokerage and other services: $1.15 billion compared to the $1.06 billion average estimate based on four analysts. The reported number represents a change of +17.3% year over year.Net revenues- Airfreight services: $261.38 million versus $242.79 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.2% change.Net revenues- Customs brokerage and other services: $527.57 million versus the three-analyst average estimate of $479.31 million. The reported number represents a year-over-year change of +23.1%.Net revenues- Ocean freight and ocean services: $182.86 million compared to the $159.79 million average estimate based on three analysts. The reported number represents a change of -12% year over year.View all Key Company Metrics for Expeditors International here>>>
Shares of Expeditors International have returned -4% over the past month versus the Zacks S&P 500 composite's +9.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Key Takeaways EXPD posted Q1 EPS $1.71 and revenues of $2.78B, topping consensus estimates. Airfreight tonnage rose 5% y/y; tech-customer strength and early-quarter yield lifted results. EXPD generated $309.2M operating cash and repurchased $287.6M stock, 2.0M shares at $145.90. Expeditors International of Washington (EXPD - Free Report) posted first-quarter 2026 earnings of $1.71 per share, up 16.3% year over year and above the Zacks Consensus Estimate of $1.33. Total revenues came in at $2.78 billion, up 4.4% from the year-ago quarter and ahead of the consensus mark of $2.58 billion.
Results reflected resilient demand in select end markets and solid execution amid disruption late in the quarter. Airfreight tonnage increased 5% year over year, supported by strength from technology customers and improved per-kilo profitability in the early part of the quarter.
EXPD Navigates Disruption With Its Non-Asset ModelManagement pointed to significant disruption in the final month of the quarter, emphasizing the company’s ability to develop routing strategies and customer solutions as conditions shifted. EXPD leaned on its non-asset-based model to stay flexible, keep freight moving and protect profitability across products and geographies.
The company also highlighted a more stable balance between sell and buy pricing early in the quarter in airfreight, which supported gross margin improvement sequentially. As conditions became more dynamic, EXPD stressed risk management and rapid adjustments to rates and capacity availability.
Expeditors Sees Mix Shift Across Freight LinesPerformance varied sharply by product line, underscoring the importance of diversification within the portfolio. Airfreight services revenues rose to $1.03 billion, reflecting higher volumes and firmer yield dynamics earlier in the quarter. Customs brokerage and other services revenues increased to $1.15 billion, benefiting from higher entry volumes, tariff-driven complexity and pricing initiatives.
By contrast, ocean freight and ocean services revenues declined to $598.9 million as industry conditions remained pressured. Ocean container volume decreased 4% year over year, and management cited lower pricing and softer volumes, particularly on exports from Asia, as profitability per container came under pressure despite favorable buy rates and cost control.
EXPD Keeps Costs Disciplined as Profitability RisesEXPD’s operating income improved to $294.8 million, up 11% year over year, as revenue growth and product mix helped lift profitability. Operating margin expanded to about 10.6% compared with roughly 10% in the year-ago quarter, reflecting better operating leverage despite an uneven freight environment.
On the cost side, directly related transportation and other expenses increased to $1.81 billion, while salaries and other operating expenses rose to $677 million. Management noted that headcount was sequentially flat compared with the prior quarter, and that operating efficiency returned to the company’s 30% historical target as productivity improved with recent investments in higher-growth opportunities and technology.
Expeditors Generates Solid Cash, Steps Up BuybacksCash generation remained healthy in the quarter. EXPD produced $309.2 million of net cash from operating activities and continued to prioritize share repurchases as its primary form of returning capital. The company repurchased $287.6 million of common stock during the period.
Repurchase activity also increased on a unit basis. EXPD bought back 2 million shares at an average price of $145.90 in the quarter, compared with 1.5 million shares at an average price of $117.29 in the year-ago period. Management framed the pace of buybacks as consistent with its disciplined capital allocation approach.
EXPD Balance Sheet Stays Liquid Amid UncertaintyEXPD, currently carrying a Zacks Rank #3 (Hold), ended the quarter with cash and cash equivalents of $1.32 billion, essentially flat with year-end 2025 levels. Total assets were $4.78 billion at March 31, 2026, with accounts receivable of $2.06 billion, reflecting the scale of global forwarding and brokerage activity during the period. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The operating footprint also continued to expand. Employee full-time equivalents totaled 20,361 at the end of the quarter compared with 19,203 a year earlier, with growth across multiple regions. With management describing the freight environment as highly unpredictable, EXPD reiterated its focus on aligning resources to maximize profitability while supporting customer needs in a rapidly shifting global trade backdrop.
Q1 Performances of Some Other Transportation CompaniesDelta Air Lines (DAL - Free Report) reported first-quarter 2026 earnings (excluding $1.08 from non-recurring items) of 64 cents per share, which beat the Zacks Consensus Estimate of 61 cents.
Earnings increased 39.1% on a year-over-year basis due to high labor costs. Adjusted revenues in the March-end quarter were $14.2 billion, beating the Zacks Consensus Estimate of $14 billion and increasing on a year-over-year basis.
J.B. Hunt Transport Services (JBHT - Free Report) posted first-quarter 2026 earnings per share of $1.49, up 27% from $1.17 a year ago. The result topped the Zacks Consensus Estimate by 4 cents, a 2.8% surprise.
Operating revenues totaled $3.06 billion, rising 4.6% year over year. Revenues beat the consensus mark of $2.94 billion, resulting in a 3.9% surprise, as demand proved resilient across several service offerings, led by Intermodal volume growth and higher revenue per load in select highway-related businesses.
BELLEVUE, Wash.--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NYSE:EXPD) today announced that on May 4, 2026 its Board of Directors declared a semi-annual cash dividend of $0.81 per share, payable on June 15, 2026 to shareholders of record as of June 1, 2026.
“Since 2024, we have returned nearly $2 billion to shareholders in dividends and share repurchases,” said David A. Hackett, Senior Vice President and Chief Financial Officer. "In addition, in February of this year our Board authorized a new share repurchase program that permits the repurchase of up to $3 billion of our common stock. With our history of being a dividend aristocrat, combined with this 5% dividend increase and our new $3 billion share repurchase program, we demonstrate our commitment to returning substantial cash to our shareholders.”
About Expeditors International of Washington, Inc:
Expeditors is a global logistics company headquartered in Bellevue, Washington. The Company employs trained professionals in 171 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.
More News From Expeditors International of Washington, Inc.
Expeditors International (EXPD - Free Report) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.
The upward trend in estimate revisions for this logistics services provider reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
Consensus earnings estimates for the next quarter and full year have moved considerably higher for Expeditors International, as there has been strong agreement among the covering analysts in raising estimates.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsThe company is expected to earn $1.53 per share for the current quarter, which represents a year-over-year change of +14.2%.
Over the last 30 days, two estimates have moved higher for Expeditors International compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 6.51%.
Current-Year Estimate RevisionsFor the full year, the company is expected to earn $6.57 per share, representing a year-over-year change of +10.4%.
There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, six estimates have moved up for Expeditors International versus no negative revisions. This has pushed the consensus estimate 10.03% higher.
Favorable Zacks RankThanks to promising estimate revisions, Expeditors International currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LineExpeditors International shares have added 9.5% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.
Investors interested in stocks from the Transportation - Services sector have probably already heard of DHL Group Sponsored ADR (DHLGY - Free Report) and Expeditors International (EXPD - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Both DHL Group Sponsored ADR and Expeditors International have a Zacks Rank of #1 (Strong Buy) right now. This means that both companies have witnessed positive earnings estimate revisions, so investors should feel comfortable knowing that both of these stocks have an improving earnings outlook. But this is only part of the picture for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
DHLGY currently has a forward P/E ratio of 13.83, while EXPD has a forward P/E of 23.67. We also note that DHLGY has a PEG ratio of 1.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. EXPD currently has a PEG ratio of 2.64.
Another notable valuation metric for DHLGY is its P/B ratio of 2.36. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, EXPD has a P/B of 9.05.
These metrics, and several others, help DHLGY earn a Value grade of A, while EXPD has been given a Value grade of D.
Both DHLGY and EXPD are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that DHLGY is the superior value option right now.
Expeditors International of Washington remains a Hold as Q1 2026 improved near-term results but left medium-term risks unresolved. Customs brokerage and airfreight segments showed strength, supporting near-term earnings, while ocean segment weakness persists due to structural overcapacity. EXPD trades at ~23x NTM PE, which appears unjustified given ongoing supply risks and lack of clear medium-term earnings visibility.
Expeditors International (EXPD - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Expeditors International is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Expeditors International imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Expeditors InternationalFor the fiscal year ending December 2026, this logistics services provider is expected to earn $6.66 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Expeditors International. Over the past three months, the Zacks Consensus Estimate for the company has increased 12.1%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Expeditors International to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Key Takeaways Expeditors' stock surged 43.4% in the past year, outperforming the transportation-services industry.EXPD earnings estimates have moved higher, signaling growing confidence in its outlook.Expeditors posts consistent earnings beats and benefits from e-commerce-driven demand. Expeditors International of Washington, Inc. (EXPD - Free Report) performed well in the past year and has the potential to sustain the momentum in the future. If you have not taken advantage of its share price appreciation yet, it’s time to do so.
Against this backdrop, let’s look at the factors that make this stock an attractive pick.
What Makes EXPD an Attractive Pick?An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run over the past year. Shares of EXPD have gained 43.4% in the past year, outperforming the 0.3% increase of the transportation-services industry it belongs to.
EXPD’s Six-Month YTD Price Comparison Image Source: Zacks Investment Research
Solid Zacks Rank: EXPD presently sports a Zacks Rank #1 (Strong Buy). Our research shows that stocks with a Zacks Rank #1 or 2 (Buy) offer the best investment opportunities. Thus, the company is a compelling investment proposition at the moment.
Northward Estimate Revisions:The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. The Zacks Consensus Estimate for second-quarter 2026 earnings has moved 7.59% north in the past 60 days. For the current year, the consensus mark for earnings has been revised 10.26% upward in the same time frame. The favorable estimate revisions indicate brokers’ confidence in the stock.
Image Source: Zacks Investment Research
Positive Earnings Surprise History: EXPD has an impressive earnings surprise history. The company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average beat of 13.96%.
Image Source: Zacks Investment Research
Earnings Expectations: Earnings growth and stock price gains often indicate a company’s prospects. For second-quarter 2026, EXPD’s earnings are expected to improve 16.42% year over year. For 2026 and 2027, Expeditors’ earnings are expected to improve 11.93% and 2.02% year over year, respectively.
Growth Factors:E-commerce growth is a tailwind for Expeditors. E-commerce, which has gained importance, leads to greater demand for intermodal services – the long-haul movement of shipping containers from ship to rail and truck.E-commerce demand strength should continue to support growth of companies like Expeditors.
Expeditors' strong financial position supports its growth-by-acquisition strategy. The company’s efforts to reward its shareholders through dividend payments and share buybacks are commendable. Such moves instill investor confidence and positively impact the company's bottom line.
Other Stocks to ConsiderInvestors interested in the Zacks Transportation sector may consider ZTO Express (ZTO - Free Report) and International Seaways (INSW - Free Report) .
ZTO Express currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
ZTO Express has an expected earnings growth rate of 15.15% for the current year. The Zacks Consensus Estimate for ZTO Express’ 2026 earnings has moved 6.1% north in the past 90 days. ZTO Express’ top line continues to benefit from the strong performance of the core express delivery services unit.
INSW currently sports a Zacks Rank #1.
INSW has an expected earnings growth rate of more than 100% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 33.93%.
A month has gone by since the last earnings report for Expeditors International (EXPD - Free Report) . Shares have added about 4.9% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Expeditors International due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers.
EXPD Tops Q1 Earnings & Revenue Estimates
Expeditors posted first-quarter 2026 earnings of $1.71 per share, up 16.3% year over year and above the Zacks Consensus Estimate of $1.33. Total revenues came in at $2.78 billion, up 4.4% from the year-ago quarter and ahead of the consensus mark of $2.58 billion.
Results reflected resilient demand in select end markets and solid execution amid disruption late in the quarter. Airfreight tonnage increased 5% year over year, supported by strength from technology customers and improved higher per-kilo profitability in the early part of the quarter.
EXPD Navigates Disruption With Its Non-Asset Model
Management pointed to significant disruption in the final month of the quarter, emphasizing the company’s ability to develop routing strategies and customer solutions as conditions shifted. EXPD leaned on its non-asset-based model to stay flexible, keep freight moving and protect profitability across products and geographies.
The company also highlighted a more stable balance between sell and buy pricing early in the quarter in airfreight, which supported gross margin improvement sequentially. As conditions became more dynamic, EXPD stressed risk management and rapid adjustments to rates and capacity availability.
Expeditors Sees Mix Shift Across Freight Lines
Performance varied sharply by product line, underscoring the importance of diversification within the portfolio. Airfreight services revenues rose to $1.03 billion, reflecting higher volumes and firmer yield dynamics earlier in the quarter. Customs brokerage and other services revenues increased to $1.15 billion, benefiting from higher entry volumes, tariff-driven complexity and pricing initiatives.
By contrast, ocean freight and ocean services revenues declined to $598.9 million as industry conditions remained pressured. Ocean container volume decreased 4% year over year, and management cited lower pricing and softer volumes, particularly on exports from Asia, as profitability per container came under pressure despite favorable buy rates and cost control.
EXPD Keeps Costs Disciplined as Profitability Rises
EXPD’s operating income improved to $294.8 million, up 11% year over year, as revenue growth and product mix helped lift profitability. Operating margin expanded to about 10.6% compared with roughly 10% in the year-ago quarter, reflecting better operating leverage despite an uneven freight environment.
On the cost side, directly related transportation and other expenses increased to $1.81 billion, while salaries and other operating expenses rose to $677 million. Management noted that headcount was sequentially flat compared with the prior quarter, and that operating efficiency returned to the company’s 30% historical target as productivity improved with recent investments in higher-growth opportunities and technology.
Expeditors Generates Solid Cash, Steps Up Buybacks
Cash generation remained healthy in the quarter. EXPD produced $309.2 million of net cash from operating activities and continued to prioritize share repurchases as its primary form of returning capital. The company repurchased $287.6 million of common stock during the period.
Repurchase activity also increased on a unit basis. EXPD bought back 2 million shares at an average price of $145.90 in the quarter, compared with 1.5 million shares at an average price of $117.29 in the year-ago period. Management framed the pace of buybacks as consistent with its disciplined capital allocation approach.
EXPD Balance Sheet Stays Liquid Amid Uncertainty
EXPD ended the quarter with cash and cash equivalents of $1.32 billion, essentially flat with year-end 2025 levels. Total assets were $4.78 billion at March 31, 2026, with accounts receivable of $2.06 billion, reflecting the scale of global forwarding and brokerage activity during the period.
The operating footprint also continued to expand. Employee full-time equivalents totaled 20,361 at the end of the quarter compared with 19,203 a year earlier, with growth across multiple regions. With management describing the freight environment as highly unpredictable, EXPD reiterated its focus on aligning resources to maximize profitability while supporting customer needs in a rapidly shifting global trade backdrop.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in estimates revision.
The consensus estimate has shifted 6.57% due to these changes.
VGM ScoresCurrently, Expeditors International has a average Growth Score of C, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Expeditors International has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry PlayerExpeditors International is part of the Zacks Transportation - Services industry. Over the past month, Schneider National (SNDR - Free Report) , a stock from the same industry, has gained 18.3%. The company reported its results for the quarter ended March 2026 more than a month ago.
Schneider National reported revenues of $1.4 billion in the last reported quarter, representing a year-over-year change of -0.2%. EPS of $0.12 for the same period compares with $0.16 a year ago.
Schneider National is expected to post earnings of $0.22 per share for the current quarter, representing a year-over-year change of +4.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.6%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Schneider National. Also, the stock has a VGM Score of B.
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Expeditors International (EXPD - Free Report) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Expeditors International currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market? In order to see if EXPD is a promising momentum pick, let's examine some Momentum Style elements to see if this logistics services provider holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For EXPD, shares are up 1.55% over the past week while the Zacks Transportation - Services industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 7.71% compares favorably with the industry's 2.97% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Expeditors International have increased 16.19% over the past quarter, and have gained 44.73% in the last year. In comparison, the S&P 500 has only moved 8.98% and 24.27%, respectively.
Investors should also pay attention to EXPD's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. EXPD is currently averaging 1,138,817 shares for the last 20 days.
Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with EXPD.
Over the past two months, 7 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost EXPD's consensus estimate, increasing from $6.05 to $6.66 in the past 60 days. Looking at the next fiscal year, 7 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom LineTaking into account all of these elements, it should come as no surprise that EXPD is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Expeditors International on your short list.
For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Expeditors International (EXPD - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.
Expeditors International is one of 99 companies in the Transportation group. The Transportation group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Expeditors International is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for EXPD's full-year earnings has moved 11.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that EXPD has returned about 10.5% since the start of the calendar year. In comparison, Transportation companies have returned an average of 10.5%.
Kirby (KEX - Free Report) is another Transportation stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 26.7%.
The consensus estimate for Kirby's current year EPS has increased 2.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Expeditors International is a member of the Transportation - Services industry, which includes 19 individual companies and currently sits at #77 in the Zacks Industry Rank. This group has lost an average of 1.9% so far this year, so EXPD is performing better in this area.
Kirby, however, belongs to the Transportation - Shipping industry. Currently, this 22-stock industry is ranked #49. The industry has moved +38.8% so far this year.
Investors with an interest in Transportation stocks should continue to track Expeditors International and Kirby. These stocks will be looking to continue their solid performance.
Expeditors International of Washington, Inc. (EXPD) Discusses Changes and Key Trends in the U.S. and North American Trucking Market Prepared Remarks Transcript
Key Takeaways E-commerce growth is boosting demand for Expeditors' intermodal shipping services. Expeditors' solid financial position reinforces its acquisition-driven growth strategy. Dividends and share repurchases aim to enhance shareholder value and investor confidence. Shares of Expeditors International of Washington (EXPD - Free Report) had a good run on the bourse over the past year. If you have not taken advantage of the share price appreciation yet, it’s time to do so.
Against this backdrop, let’s look at the factors that make this stock an attractive pick.
What Makes EXPD an Attractive Pick?An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run over the past year. Shares of EXPD have gained 45.7% in the past year, outperforming the 4.4% increase of the Transportation-Services industry it belongs to.
Image Source: Zacks Investment Research
Northward Estimate Revisions: The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. The Zacks Consensus Estimate for second-quarter 2026 earnings has moved 7.6% north in the past 60 days. For the current year, the consensus mark for earnings has been revised 10.1% upward in the same time frame. The favorable estimate revisions indicate brokers’ confidence in the stock.
Image Source: Zacks Investment Research
Earnings Surprise History: EXPD has an impressive earnings surprise history. The company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 14%.
Growth Factors: E-commerce growth remains a positive driver for Expeditors. The significance of e-commerce has boosted demand for intermodal services, which involve the long-distance transportation of shipping containers via ships, railways and trucks. Continued strength in e-commerce demand is expected to support the growth prospects of companies such as Expeditors.
Expeditors’ solid financial position reinforces its acquisition-driven growth strategy. The company’s commitment to enhancing shareholder value through dividend distributions and share repurchases is noteworthy. These shareholder-friendly initiatives help strengthen investor confidence and contribute positively to the company’s overall financial performance.
Other Stocks to ConsiderInvestors interested in the Zacks Transportation sector may also consider ZTO Express (ZTO - Free Report) and International Seaways (INSW - Free Report) .
ZTO Express currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Its top line continues to benefit from the strong performance of the core express delivery services unit. ZTO Express has an expected earnings growth rate of 20% for the current year. The Zacks Consensus Estimate for ZTO’s 2026 earnings has moved 4.8% north in the past 60 days.
International Seaways currently sports a Zacks Rank #1.
INSW has an expected earnings growth rate of more than 100% for the current year. The shipping company has an encouraging earnings surprise history. International Seaways’ earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 33.9%.
