Analysts on Wall Street project that FedEx (FDX) will announce quarterly earnings of $5.34 per share in its forthcoming report, representing an increase of 8.1% year over year. Revenues are projected to reach $22.12 billion, increasing 0.9% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timefra ...

Core Viewpoint - FedEx is expected to report a year-over-year increase in earnings and revenues, but actual results compared to estimates will significantly impact stock price movements [1][2]. Earnings Expectations - The consensus estimate for FedEx's quarterly earnings is $5.34 per share, reflecting an 8.1% increase year-over-year [2]. - Expected revenues for the quarter are $22.12 billion, which is a 0.9% increase from the previous year [2]. Estimate Revisions - The consensus EPS estimate has been revised 0.91% higher in the last 30 days, indicating a reassessment by analysts [2]. - The Most Accurate Estimate for FedEx is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.54%, suggesting a bearish outlook from analysts [5][6]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [4]. - FedEx currently holds a Zacks Rank of 3, which complicates the prediction of an earnings beat due to the negative Earnings ESP [5][6]. Historical Performance - In the last reported quarter, FedEx had an earnings surprise of +10.60%, beating the expected earnings of $3.49 per share by reporting $3.86 [7]. - Over the last four quarters, FedEx has beaten consensus EPS estimates three times [7]. Conclusion - FedEx does not appear to be a compelling candidate for an earnings beat based on current estimates and rankings, but other factors should also be considered by investors [8].

The most recent trading session ended with FedEx (FDX) standing at $250.06, reflecting a +1.47% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 0.77%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 0.95%.Shares of the package delivery company witnessed a loss of 4.21% over the previous month, beating the performance of the Transportation sector with its loss of 5.79% and underperforming the S&P 500's gain of 3.71%.The investment communi ...

Group 1 - FedEx plans to cut between 1,700 and 2,000 jobs in Europe, primarily focusing on back-office positions [1] - The layoffs are expected to save the company between $125 million and $175 million annually starting in fiscal 2027 [1] - FedEx anticipates incurring expenses of $250 million to $375 million related to these headcount reductions as part of a broader strategy to cut $4 billion in operating costs by the end of 2025 [1] Group 2 - The layoffs at FedEx are part of a trend among companies reducing jobs due to falling demand following the pandemic [2] - The increase in demand for delivery services during the pandemic has decreased as lockdowns have ended, leading to a decline in e-commerce orders [2] - FedEx's stock has seen a slight increase as of Wednesday morning, indicating some investor confidence despite the layoffs [2]

Shares of FedEx Corporation (FDX) performed well on the bourse on Jun 10, 2024, closing the trading session at $253.72 per share, up 2.42% from the previous day's closing. The upside was owing to the dividend hike announcement by FedEx’s board of directors.In a shareholder-friendly move, FDX’s board of directors has approved a dividend hike of 10%, thereby raising its quarterly cash dividend from $1.26 ($5.04 annualized) per share to $1.38 ($5.52 annualized).The raised dividend will be paid out on Jul 9, 20 ...

StefonlintonSummary FedEx Corporation (NYSE:FDX) is scheduled to report its Q4 fiscal year 2024 earnings on June 25th, after the market close. The stock has been decimated since the start of April, underperforming the S&P 500 by a wide margin year-to-date. However, I believe FedEx's stock is entering oversold territory due to short-term macro challenges and higher CAPEX associated with its cost-saving programs. Wall Street is estimating that FedEx's revenue growth will turn positive again over the next ...

FedEx Corporation’s (FDX) cost-cutting initiatives are commendable. The announcement of DRIVE, a comprehensive program to improve the company’s long-term profitability, is impressive. However, weakness in FDX's largest segment, the Express unit, owing to volume-related woes is a major headwind.Factors Favoring FDXFedEx's efforts to control costs in the face of persistent revenue weakness are impressive. The announcement of DRIVE is expected to result in permanent savings of $1.8 billion this fiscal year and ...

FedEx Corporation (NYSE:FDX) Bernstein's 40th Annual Strategic Decisions Conference May 29, 2024 1:30 PM ET Company Participants Jeni Hollander - IR Raj Subramaniam - President, CEO, and Director Conference Call Participants David Vernon - Bernstein David Vernon All right. Good afternoon, everyone. Welcome to the first afternoon session. My name is David Vernon, I cover transports and airlines at Bernstein. We are thrilled to have for the first time in my 10 or 15 years covering the company, FedEx is joinin ...

FedEx Corporation (NYSE:FDX) Bernstein's 40th Annual Strategic Decisions Conference May 29, 2024 1:30 PM ET Company Participants Jeni Hollander - IR Raj Subramaniam - President, CEO, and Director Conference Call Participants David Vernon - Bernstein David Vernon All right. Good afternoon, everyone. Welcome to the first afternoon session. My name is David Vernon, I cover transports and airlines at Bernstein. We are thrilled to have for the first time in my 10 or 15 years covering the company, FedEx is joinin ...

TROY, Mich., May 22, 2024 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced FedEx Corporation (NYSE: FDX) as its "Stock to Study" and Gap, Inc. (NYSE: GPS) as its "Undervalued Stock" in the August 2024 issue for investors' informational and educational use."For those who want to learn more about the fundamentals of FedEx or The Gap or thousands of other stocks like Apple, Nvidia and Tesla, there is no better tool than the Stock Selection Guide ...