The revised score means Expeditors stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. The market’s biggest winners often have a 95 or higher score in the early stages of a new price run, so that’s an important benchmark to look for when looking for the best stocks to buy and watch.
Expeditors Stock Rises As Economies Reopen
Seattle-based Expeditors International provides supply chain logistical support for transport companies on land, air and sea. As the pandemic retreats in countries where the vaccines have been widely available, economies are opening up and Expeditors services are increasingly called for. However, it’s stayed strong through the past year, posting double-digit sales growth and double- and triple-digit profit growth.
Expeditors stock sports a 94 EPS Rating, meaning its recent quarterly and annual earnings growth tops 94% of all stocks.
Its Accumulation/Distribution Rating of C+ shows more buying than selling of its shares by institutional investors over the last 13 weeks.
Expeditors stock is currently forming a flat base, with a 130.86 buy point. See if the stock can break out in volume at least 40% above average.
In Q2, the company posted 69% earnings-per-share growth to $1.86. Revenue grew 50%, to $3.61 billion.
Expeditors International holds the No. 2 rank among its peers in the Transportation-Logistics industry group. Echo Global Logistics (ECHO) is the top-ranked stock within the group.
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