Expeditors International of Washington moved into the spotlight after its Q2 results on 4 August beat Wall Street expectations for both earnings and revenue, sending the stock up 6.4% in a single session. At a share price of US$185.95, the company has delivered a 22.45% year-to-date share price return and a 54.77% total shareholder return over the past year. The stock trades on a P/E of 26.3x, above the estimated fair P/E of 19x, the peer average P/E of 19x, and the Global Logistics industry average of 14.8x. A Simply Wall St discounted cash flow model points to a value of US$168.85 per share, framing the stock as overvalued on cash flows. The company still faces risks from any slowdown in global trade volumes and potential pressure on pricing across its logistics services.
Expeditors International of Washington, Inc.Q2 earnings and revenue beat expectations, driving stock up 6.4%.
