About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Pre-market futures are into the green (a day after St. Patrick’s Day) considerably at this hour, following a week of trading that was rather atypically erratic — at or near all-time highs one day, down to multi-week lows another, finishing down to the second-worst trading week of the year. Currently, the Dow is +98 points, the S&P 500 is +43 and the Nasdaq +226 points. Apparently, market participants are expecting good things for the tech sector this week.The biggest news we expect is a new report from the ...

Wall Street analysts expect FedEx (FDX) to post quarterly earnings of $3.55 per share in its upcoming report, which indicates a year-over-year increase of 4.1%. Revenues are expected to be $22.02 billion, down 0.7% from the year-ago quarter.The current level reflects a downward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company's ...

FedEx truck is seen in Santa Monica, United States on November 13, 2023. (Photo by Jakub ... [+] Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesGiven its better prospects, we believe UPS stock (NYSE: UPS) is a better pick than its peer — FedEx stock (NYSE: FDX). UPS trades at a higher valuation multiple of 1.4x revenues vs. 0.7x for FedEx FDX , due to its superior revenue growth, profitability, and financial position. There is more to the comparison, and in the sections below, we discuss why we ...

Nike, FedEx, Micron Technology, Housing Data, the Fed and Interest Rates, and More to Watch This Week ...

 Analyst Estimates for Q3 FY 2024 Q2 FY 2024 Q3 FY 2023  Revenue $22.02 billion $22.17 billion $22.17 billionDiluted EPS  $3.50$3.99$3.41  Net Income $879.5 million $1.01 billion$865 million  Key Metric: Average Daily Volume FedEx has reported nine straight quarters of year-over-year declines in average daily volume (ADV) of FedEx Express packages handled in the U.S. Another key metric to watch is revenue, as FedEx's revenue and ADV soared to record highs during the pandemic but have been sinking or grow ...

FedEx (FDX) ended the recent trading session at $253.29, demonstrating a -0.88% swing from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.65%. Meanwhile, the Dow experienced a drop of 0.49%, and the technology-dominated Nasdaq saw a decrease of 0.96%.Prior to today's trading, shares of the package delivery company had gained 8.04% over the past month. This has outpaced the Transportation sector's gain of 1.47% and the S&P 500's gain of 3.27% in that time.Market participant ...

FedEx Corporation (FDX) is set to release its third-quarter fiscal 2024 (ended Feb 29, 2024) results on Mar 21, 2024, after market close.FDX has an impressive surprise record, with its earnings per share surpassing the Zacks Consensus Estimate in three of the preceding four quarters and missing the mark on the other occasion. The average beat is 12.34%.Given this backdrop, let's examine the factors that are likely to have influenced FedEx’s performance in the soon-to-be-reported quarter.Like the past few qu ...

Wall Street expects a year-over-year increase in earnings on lower revenues when FedEx (FDX) reports results for the quarter ended February 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on March 21, 2024, might help the stock move higher if these key numbers are better than expectatio ...

FedEx Corporation (FDX) is currently embroiled in a complex web of challenges, a situation that we believe has significantly dampened its appeal as an investment option.Let’s delve deeper.Southward Earnings Estimate Revision: The Zacks Consensus Estimate for current-quarter earnings has been revised 10.1% downward over the past 90 days. For the current year, the consensus mark for earnings has moved 3% south in the same time frame. The bearish alterations in estimate revisions underscore a notable decline i ...