FedEx(FDX)
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FedEx Q2 Earnings Surpass Estimates, Revenues Lag, View Revised
ZACKS· 2024-12-20 18:36
FedEx Corporation (FDX) reported mixed second-quarter fiscal 2025 results, wherein earnings surpassed the Zacks Consensus Estimate, but revenues lagged the same.Quarterly earnings (excluding $1.02 from non-recurring items) of $4.05 per share beat the Zacks Consensus Estimate of $3.90 and improved 1.5% year over year. Revenues of $21.9 billion fell short of the Zacks Consensus Estimate of $22 billion and fell 0.8% from the year-ago fiscal quarter’s reported figure.Quarterly results were unfavorably affected ...
FedEx: Why Did The Stock Tumble After A Pre-Market Earnings Surge?
Seeking Alpha· 2024-12-20 17:49
If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.FedEx (NYSE: FDX ) reported Q2 2025 results on the 19 th of December and investors seem to have liked what they saw as the stock is trading up 8% pre-market at $297. I covered FedEx in June thisDhierin runs the investing group The Aerospace Forum , ...
FedEx Divests FedEx Freight and Shifts Gears to DRIVE Program
PYMNTS.com· 2024-12-20 17:46
FedEx is taking steps to streamline its operations by prioritizing its DRIVE program and separating FedEx Freight into a standalone, publicly traded company.These decisions were announced by FedEx President and CEO Raj Subramaniam Thursday (Dec. 19) during the company’s second-quarter earnings call, which saw the company’s total sales of $22 billion slip 1%.Amid these challenges, Subramaniam highlighted the ongoing success of FedEx’s DRIVE program, which he said is critical to the company’s operational impr ...
What's Next For FDX Stock?
Forbes· 2024-12-20 15:38
A FedEx cargo flight arrives at Qingdao Jiaodong International Airport in Qingdao, east China's ... [+] Shandong Province, Nov. 11, 2024. TO GO WITH "Interview: FedEx Asia Pacific president upbeat about China's thriving logistics sector" (Photo by Li Ziheng/Xinhua via Getty Images)Xinhua News Agency via Getty ImagesFedEx stock (NYSE: FDX) is expected to see higher levels after it announced the spin-off of its freight business. While this move was awaited, it bodes well for the stock, unlocking shareholder v ...
FedEx Stock Climbs on Freight Business Spinoff, Earnings
Schaeffers Investment Research· 2024-12-20 15:17
Shares of FedEx Corp (NYSE:FDX) opened the session at $294, but have pulled back from its highs slightly, last seen 4.6% higher at $288.64, fueled by a wave of significant developments during the bustling holiday shipping season. The shipping giant added $5 billion to its market cap after it announced the spinoff of its freight trucking business into a standalone company. This is a highly-anticipated move that analysts believe could create up to $20 billion in shareholder value. The news is helping FedEx st ...
Watch These FedEx Levels as Stock Jumps on Plans for Freight Business Spinoff
Investopedia· 2024-12-20 04:38
Key TakeawaysFedEx shares moved sharply higher in extended trading on Thursday after the shipping giant announced plans to spin off its freight business as a separate public company, overshadowing a lowered full year outlook. The stock has oscillated in an orderly ascending channel since July last year, with the price recently finding buying interest around key moving averages.Investors should watch key overhead areas on FedEx's chart around $305 and $370, while also monitoring important support levels near ...
FedEx(FDX) - 2025 Q2 - Earnings Call Transcript
2024-12-20 01:21
FedEx Corporation (NYSE:FDX) Q2 2025 Results Conference Call December 19, 2024 5:30 PM ET Company Participants Jeni Hollander - VP of IR Raj Subramaniam - President and CEO Brie Carere - EVP and Chief Customer Officer John Dietrich - EVP and CFO Conference Call Participants Chris Wetherbee - Wells Fargo Ken Hoexter - Bank of America Ari Rosa - Citigroup Jordan Alliger - Goldman Sachs Daniel Imbro - Stephens Inc Jason Seidl - TD Cowen Conor Cunningham - Melius Research Brian Ossenbeck - JPMorgan Brandon Ogle ...
FedEx (FDX) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-12-20 00:30
For the quarter ended November 2024, FedEx (FDX) reported revenue of $21.97 billion, down 0.9% over the same period last year. EPS came in at $4.05, compared to $3.99 in the year-ago quarter.The reported revenue represents a surprise of -0.34% over the Zacks Consensus Estimate of $22.04 billion. With the consensus EPS estimate being $3.90, the EPS surprise was +3.85%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...
Markets Flat After Big Selloff Day; FDX, NKE Beat on Earnings
ZACKS· 2024-12-20 00:06
Thursday, December 19, 2024The stock market gave a rebound the old college try today, but aside from a modest +15 points on the blue-chip Dow, indexes closed in the red again today. Results were nowhere near as bad as they were yesterday, but the S&P 500 slipped -5 points (-0.09%), the Nasdaq -19 points (-0.10%) and the small-cap Russell 2000 -10 points (-0.45%).For the Dow, it breaks a 10-session losing streak off all-time highs at the start of this month, including its worst single-trading day since the d ...
FedEx CEO touts company's 'scaled network' as supply chain challenges loom with Trump presidency
CNBC· 2024-12-20 00:01
In a Thursday interview with CNBC's Jim Cramer, FedEx CEO Raj Subramaniam said his company can do well even if there is a supply chain shakeup."As the supply chain patterns change, we are here, there and everywhere," he said. "That's the advantage people sometimes miss, the fact that we have a scaled network in place, provides us an advantage in these dynamic times."President-elect Donald Trump has threatened to drastically hike import tariffs for several countries, especially China, and these moves would l ...