News Flash: Analysts Just Made A Notable Upgrade To Their Expeditors International of Washington, Inc. (NASDAQ:EXPD) Forecasts

Shareholders in Expeditors International of Washington, Inc. (NASDAQ:EXPD) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects.

Following the upgrade, the current consensus from Expeditors International of Washington's eleven analysts is for revenues of US$12b in 2021 which - if met - would reflect a notable 19% increase on its sales over the past 12 months. Per-share earnings are expected to surge 46% to US$6.04. Prior to this update, the analysts had been forecasting revenues of US$11b and earnings per share (EPS) of US$4.32 in 2021. There has definitely been an improvement in perception recently, with the analysts substantially increasing both their earnings and revenue estimates.

View our latest analysis for Expeditors International of Washington

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Expeditors International of Washington's past performance and to peers in the same industry. The analysts are definitely expecting Expeditors International of Washington's growth to accelerate, with the forecast 26% annualised growth to the end of 2021 ranking favourably alongside historical growth of 9.1% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 5.1% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Expeditors International of Washington is expected to grow much faster than its industry.

The Bottom Line

The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. The clear improvement in sentiment should be enough to get most shareholders feeling more optimistic about Expeditors International of Washington's future.

Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. We have estimates - from multiple Expeditors International of Washington analysts - going out to 2025, and you can see them free on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.

If you’re looking to trade Expeditors International of Washington, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. Their clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Promoted

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
^*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.