Expeditors Int’l Slides on Q2 Guidance – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/22125/Expeditors+Int%27l+Slides+on+Q2+Guidance+-+Zacks+Tale+of+the+TapePosted on Monday, July 13th, 2009 | In Market Commentary, Stocks to Watch
Shares of Expeditors International of Washington Inc. (EXPD) have dipped more than 5% so far today after offering a lower-than-expected second-quarter outlook late Friday.
The logistics services provider now anticipates earnings of 24 cents to 26 cents per share, well below the consensus forecast of 31 cents per share derived from 13 covering analysts. The company reported earnings of 32 cents per share in the year-ago quarter.
Expeditors International cited continuation of sluggish volumes as the primary reason for the guidance.
Meanwhile, the consensus estimate for full-year earnings has declined 2 cents, or 1.5%, over the past month to $1.29 per share.
Expeditors International is scheduled to report second-quarter earnings on Aug 4.
EXPD, a Zacks #3 Rank (”Hold”) stock, is trading on heavier-than-normal volume of approximately 3.8 million, against the average daily volume of about 1.9 million.
“EXPD” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- CNP & FPL Ink Pipeline Deal - Analyst Blog - November 20th, 2009
- Buffett Borrows for Rail Acquisition - Analyst Blog - November 20th, 2009
- Stone Energy Outdoes Estimates - Analyst Blog - November 20th, 2009
- Smucker's Beats, Raises Guidance - Analyst Blog - November 20th, 2009
- GameStop Meets Expectations - Analyst Blog - November 20th, 2009
cent;, Expeditors International of Washington Inc.;, Market Commentary, Stocks to Watch, The Macro Trader, USD, Zacks Market Commentaries
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.