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 ...

According to NextEarningsDate.com, the FedEx next earnings date is projected to be 3/21 after the close, with earnings estimates of $3.54/share on $22.08 Billion of revenue. Looking back, the recent FedEx earnings history looks like this:FDXtickertechThe company has an impressive long-term earnings per share chart:FDXtickertechAnd with equally impressive revenue growth:FDXtickertechBut earnings reports can often uniquely bring abrupt volatility to a stock, in either direction, as investors digest the fundam ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about FedEx (FDX) .FedEx currently has an average brokerage recommendat ...

MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) announced today that Robert B. Carter, EVP, FedEx Information Services & CIO, FedEx Corporation and co-president & co-CEO of FedEx Services, will retire after an exemplary career at FedEx for 31 years. He will step down from his current roles effective June 30, 2024, and will remain with the company as a senior advisor until December 31, 2024, to help ensure a successful transition. Under his leadership, Carter spearheaded cutting-edge technology t ...

FedEx (FDX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this package delivery company have returned +3.1% over the past month versus the Zacks S&P 500 composite's +2.9% change. The Zacks Transportation - Air Freight and Cargo industry, to which FedEx belongs, has gained 6.6% over this period. Now the key question is: Where could the stock be headed in the near term ...

FedEx (FDX) closed the latest trading day at $241.12, indicating a -0.96% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.38%. Elsewhere, the Dow lost 0.16%, while the tech-heavy Nasdaq lost 0.13%.Coming into today, shares of the package delivery company had lost 3.22% in the past month. In that same time, the Transportation sector gained 3.94%, while the S&P 500 gained 4.74%.Investors will be eagerly watching for the performance of FedEx in its upcom ...

Top Wall Street Bank Loves 5 Dividend Stocks for 2024 Chaay_Tee / iStock via Getty Images Every year, the top Wall Street firms release a list of their top stock picks for the coming 12 months, and typically, they are companies that the stock analysts have incredibly high conviction in. In addition, they often have good upside to the assigned price target and are bestowed with either a Buy or Overweight rating depending on the company providing the coverage.At 24/7 Wall St., we like to cover these top sto ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about FedEx (FDX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.FedEx currently has an average brokerage recom ...

In the latest trading session, FedEx (FDX) closed at $239.54, marking a +0.82% move from the previous day. This move outpaced the S&P 500's daily loss of 0.6%. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq lost 0.92%.The package delivery company's shares have seen a decrease of 5.23% over the last month, not keeping up with the Transportation sector's gain of 3.62% and the S&P 500's gain of 3.56%.The investment community will be closely monitoring the performance of FedEx in its forthcoming ear ...