CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Expeditors Q3 revenue beats estimates on airfreight demand

By Reuters News


Overview

  • Global logistics firm's Q3 revenue rose 42% yr/yr, beating analyst expectations

  • Diluted EPS for Q3 rose 62% to $2.65

  • Company cites strong demand and double-digit growth in customs and distribution services


Outlook

  • Company expects congestion and supply chain challenges to persist through rest of 2026

  • Expeditors plans continued investment in AI and technology to boost long-term margins

  • Company says new business pipeline remains strong, supporting durable earnings growth


Result Drivers

  • AIRFREIGHT DEMAND - Co said strong airfreight demand, especially from hyperscalers and AI infrastructure suppliers, drove record tonnage growth

  • OCEAN FREIGHT RECOVERY - Ocean freight volumes rose 7% yr/yr, with growth in Asia exports despite port congestion and typhoon disruptions

  • CUSTOMS AND DISTRIBUTION - Double-digit growth in customs brokerage, distribution, and supply chain services, fueled by new business wins and technology sector demand


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$4.10 bln

$3.57 bln (12 Analysts)

Q3 EPS

$2.65

Q3 Net Income

$345 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 11 "hold" and 4 "sell" or "strong sell"

  • The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy."

  • Wall Street's median 12-month price target for Expeditors International of Washington Inc is $180.00, about 10.3% below its November 2 closing price of $200.56

  • The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 24 three months ago


Reuters Recommended Reads

  • Nov 2 - Thailand's Fabrinet Q1 revenue jumps 51%, beats estimates on strong broad-based demand

  • Nov 3 - DigitalOcean Q3 revenue jumps 40%, beats estimates; raises outlook

  • Nov 3 - Regal Rexnord Q3 sales beat estimates on data center demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.