This logistics company beat Wall Street’s estimates by $0.63 last quarter, and 12 analysts have recently boosted their EPS projections for the company.
Expeditors International of Washington, Inc. (EXPD)
From Weiss Ratings
We are winding down one of the most important earnings seasons to date. I call it one of the most important earnings seasons because of the timing ... the numbers give a lot of insight into how companies are faring on this side of the pandemic.
Don’t get me wrong. I’m not saying that the effects of the pandemic are over. The effects will linger for a long time. But enough time has passed that we can get a good idea of how well companies pivoted and how they are planning to move forward.
Now that earnings season is winding down, we are moving into what is historically the worst months of the year for the stock market. August and September have historically been the two weakest months of the year. Some even label September the “danger month.”
But there’s no need to panic if your portfolio is made up of solid, safe companies that will continue to perform well over time. Right now, the Weiss Ratings system has marked 1,125 stocks as a solid “Buy.”
One such company is Expeditors International of Washington. This giant logistics company is based in Seattle but has a global network of 176 offices in over 60 countries spread over six continents.
The company is service-based, so it doesn’t own the aircraft, ships, or trucks it uses every day. This also allows EXPD to be incredibly flexible to find the best route for the best price.
EXPD has only dropped into the “Hold” range twice since 2014. The company pays a small dividend, and shares are up 25% since the beginning of the year.
Kelly Green, Weiss Ratings, 1-877-934-7778, weissratings.com, August 19, 2021