In this series, we’ll analyze Deere’s (DE) analyst expectations for fiscal 3Q17 earnings and revenue, as well as its recommendations and latest valuations.
Expeditors International of Washington (EXPD) sees 30% of its revenues originating in the US and the remainder coming from overseas.
In 2Q17, EXPD’s Customs Brokerage segmental revenues rose 10.1% to $471.8 million from $428.4 million in 2Q16.
While EXPD’s revenues grew 13.4% in 2Q17, its operating expenses rose 16%.
EXPD’s 2Q17 revenues for its Ocean Freight and Ocean Services segment rose 14% to $528.5 million from $464.7 million in 2Q16.
On a year-over-year basis, Expeditors International of Washington’s (EXPD) 2Q17 revenues jumped 13.4% from ~$1.5 billion in 2Q16.
In 2Q17, EXPD’s Airfreight revenues rose 15.4% to $671.8 million from $582.1 million in 2Q16.
Expeditors International of Washington (EXPD) announced its 2Q17 earnings on August 8. The logistics company’s adjusted earnings per share fell 5% to $0.63 in 2Q17 compared with $0.63 in 2Q16.
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Some companies benefit in times of uncertainty, and some sectors provide cover for investors.
In the 31st week of 2017 (ended August 4), the VLCC (very large crude carrier) fixture activity moderated after clocking a strong pace the previous week.
Teekay Tankers (TNK) recorded an adjusted net loss of $7.1 million for 2Q17, compared with its adjusted net income of $7 million in 1Q17.
In 2Q17, BNSF’s revenues rose 14.5%, and its operating expenses rose 11.8%. Note that the pace of revenues was higher than operating expenses.
BNSF’s coal revenues in 2Q17 were $912.0 million, a 39.2% rise from $655.0 million in the same quarter last year.
In 2Q17, BNSF’s Agricultural Products’ freight revenues rose 18.0% to $1.1 billion compared to $910.0 million in 2Q16.
In 2Q17, BNSF’s Consumer Products segment’s share was 33.2% compared to 35.0% in the corresponding quarter in 2016.
In 2Q17, BNSF’s Industrial Products’ revenues rose 7.4% to $1.3 billion compared to $1.2 billion in the same quarter last year.
Burlington Northern Santa Fe’s 2Q17 total revenues were $5.2 billion against $4.6 billion in the same quarter last year.
On August 4, 2017, Burlington Northern Santa Fe (or BNSF) filed a Form 10-Q with the SEC for the quarter ended June 30, 2017.
XPO is covered by 19 analysts, who were surveyed by Thomson Reuters. Their consensus rating for XPO is 1.8, which represents a “buy.”