Expeditors – stellar delivery; overvalued; eyes on further job cuts

ID 26228450 © Maksym Bondarchuk | Dreamstime.com Just over $2 EPS in the second quarter (Q2 26): delivered to you by Expeditors (EXPD), as disclosed yesterday ahead of US trade. With love from Seattle: impressive enough? Indeed. The best of all (3PLs and integrators) this earnings season – by a mile, thanks to its unique product portfolio mix. Run through its quarterly earnings per share (EPS*) series for the past five years, and the last time Expeditors’ EPS started with a ’2’ was in Q3 22, when the Covid tailwinds had ...