Expeditors International of Washington (EXPD) has reported impressive fiscal and strategic performance. Its 2024 Q4 earnings surpassed estimates with a 54% EPS growth - showcasing strong economic recovery. Revenue was also up by 30% due to boosted demand in air and ocean freight services. The company has achieved a substantial growth from $6.1B to $10.6B under the helm of its management, worthy of its status as a Dividend Aristocrat. Analysts have adjusted EXPD's stock price targets several times due to strong performance, the latest being from TD Cowen and BofA, raising it to $117 and $124 respectively.
Importantly, EXPD has seen a significant transition in its leadership, as Daniel Wall has taken over as the new CEO. Nevertheless, this change did not hamper its annual results. Even as Wall Street remains speculative, hedge funds consider EXPD as one of the best TaaS stocks to invest in. Inside trading activities, however, suggest some caution.
While the company returns are not accelerating at a rapid pace, its fundamentals seem to have buttressed its recent stock performance. There is anticipation that if the current trend holds, the organization could forecast even stronger growth for the following year.
Expeditors International of Washington EXPD News Analytics from Tue, 08 Aug 2023 07:00:00 GMT to Fri, 21 Feb 2025 19:48:01 GMT - Rating 7 - Innovation 4 - Information 8 - Rumor 1
