Expeditors International of Washington, Inc. EXPD is slated to report second-quarter 2019 results on Aug 6, before the market opens.Last reported quarter, the company witnessed a negative earnings surprise of 5.9%. However, total revenues outpaced the Zacks Consensus Estimate. Moreover, both the top and the bottom line improved on a year-over-year basis.Let’s see, how things shape up for this announcement.Factors Likely at PlayThe company’s Airfreight Services segment is likely to perform disappointingly in the second quarter as was the case in the first due to declining airfreight tonnage. Notably, while releasing first-quarter results, the company stated that its airfreight business was "challenged". Evidently, the Zacks Consensus Estimate for second-quarter Airfreight revenues stands at $754 million, much lower than $802 million reported in the year-ago period. Lower revenues at this key segment might largely affect the company’s overall performance.Moreover, with Expeditors’ substantial exposure to China, the ongoing Sino-U.S. trade tensions might dent profits in the soon-to-be-reported quarter due to soft shipment volumes. Additionally, rising operating expenses are likely to put pressure on the company’s bottom-line growth.However, higher revenues from Ocean Freight and Ocean Services as well as Customs Brokerage and Other Services are anticipated to partly mitigate this adversity. Notably, the Zacks Consensus Estimate for second-quarter revenues at the Ocean Freight and Ocean Services segment is pinned on $562 million, higher than $530 million reported in the year-earlier period. The same for Customs Brokerage and Other Services revenues is pegged at $745 million, above $626 million reported in the second quarter of 2018.What Does Our Model Say?Our proven model does not conclusively show that Expeditors is likely to beat on earnings this quarter to be reported. This is because a stock needs to have both a positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. However, that is not the case here as highlighted below. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Earnings ESP: Expeditors has an Earnings ESP of -3.51% as the Most Accurate Estimate is pegged at 78 cents, lower than the Zacks Consensus Estimate of 81 cents.Zacks Rank: Expeditors carries a Zacks Rank #4 (Sell). We caution against Sell-rated stocks (4 or 5) going into an earnings announcement, especially when the company is witnessing negative estimate revisions.Expeditors International of Washington, Inc. Price and EPS Surprise Expeditors International of Washington, Inc. price-eps-surprise | Expeditors International of Washington, Inc. QuoteStocks to ConsiderInvestors interested in the broader Transportation sector can check out stocks like Frontline Ltd. FRO, Saia, Inc. SAIA and SkyWest, Inc. SKYW as these possess the right combination of elements to come up with an earnings beat in their next releases.Frontline has an Earnings ESP of +400.03% and a Zacks Rank #3. The company is scheduled to report second-quarter earnings on Aug 30.Saia has an Earnings ESP of +1.22% and a Zacks Rank of 3. The company will announce second-quarter results on Jul 31.SkyWest has an Earnings ESP of +3.25% and a Zacks Rank #2. The company is slated to release second-quarter earnings numbers on Jul 31. You can see the complete list of today’s Zacks #1 Rank stocks here.Today's Best Stocks from ZacksWould you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.See their latest picks free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SkyWest, Inc. (SKYW): Free Stock Analysis Report Frontline Ltd. (FRO): Free Stock Analysis Report Expeditors International of Washington, Inc. (EXPD): Free Stock Analysis Report Saia, Inc. (SAIA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research