As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the air freight and logistics industry, including FedEx (NYSE:FDX) and its peers.
The growth of e-commerce and global trade continues to drive demand for expedited shipping services, presenting opportunities for air freight companies. The industry continues to invest in advanced technologies such as automated sorting systems and real-time tracking solutions to enhance operational efficiency. Despite the advantages of speed and global reach, air freight and logistics companies are still at the whim of economic cycles. Consumer spending, for example, can greatly impact the demand for these companies’ offerings while fuel costs can influence profit margins.
The 6 air freight and logistics stocks we track reported a mixed Q4. As a group, revenues missed analysts’ consensus estimates by 0.7%.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 6.1% since the latest earnings results.
FedEx (NYSE:FDX)
Sporting one of the largest air cargo fleets in the world, FedEx (NYSE:FDX) is a global provider of parcel and cargo delivery services.
FedEx reported revenues of $21.97 billion, flat year on year. This print fell short of analysts’ expectations by 0.7%. Overall, it was a mixed quarter for the company with an impressive beat of analysts’ adjusted operating income estimates.
The stock is down 8.1% since reporting and currently trades at $253.55.
Is now the time to buy FedEx? Access our full analysis of the earnings results here, it’s free.
Best Q4: Expeditors (NYSE:EXPD)
Expeditors (NYSE:EXPD) offers air and ocean freight as well as brokerage services.
Expeditors reported revenues of $2.95 billion, up 29.7% year on year, outperforming analysts’ expectations by 4.3%. The business had a stunning quarter with a solid beat of analysts’ EBITDA estimates.
Expeditors scored the biggest analyst estimates beat and fastest revenue growth among its peers. However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $114.07.
Is now the time to buy Expeditors? Access our full analysis of the earnings results here, it’s free.
Weakest Q4: GXO Logistics (NYSE:GXO)
With notable customers such as Nike and Apple, GXO (NYSE:GXO) manages outsourced supply chains and warehousing for various companies.
GXO Logistics reported revenues of $3.25 billion, up 25.5% year on year, exceeding analysts’ expectations by 1.5%. Still, it was a slower quarter as it posted full-year EBITDA guidance missing analysts’ expectations.
As expected, the stock is down 6.5% since the results and currently trades at $40.
Read our full analysis of GXO Logistics’s results here.
Hub Group (NASDAQ:HUBG)
Started with $10,000, Hub Group (NASDAQ:HUBG) is a provider of intermodal, truck brokerage, and logistics services, facilitating transportation solutions for businesses worldwide.
Hub Group reported revenues of $973.5 million, down 1.2% year on year. This print lagged analysts' expectations by 3.2%. It was a slower quarter as it also produced full-year EPS guidance missing analysts’ expectations.
Hub Group scored the highest full-year guidance raise but had the slowest revenue growth among its peers. The stock is down 2.4% since reporting and currently trades at $42.19.
Read our full, actionable report on Hub Group here, it’s free.
C.H. Robinson Worldwide (NASDAQ:CHRW)
Engaging in contracts with tens of thousands of transportation companies, C.H. Robinson (NASDAQ:CHRW) offers freight transportation and logistics services.
C.H. Robinson Worldwide reported revenues of $4.18 billion, flat year on year. This result missed analysts’ expectations by 5.7%. Overall, it was a slower quarter as it also logged a miss of analysts’ North American surface transportation revenue estimates and a slight miss of analysts’ EBITDA estimates.
C.H. Robinson Worldwide had the weakest performance against analyst estimates among its peers. The stock is down 6.8% since reporting and currently trades at $100.68.
Read our full, actionable report on C.H. Robinson Worldwide here, it’s free.
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