FedEx (FDX) Stock Sinks As Market Gains: Here's Why

Company Performance - FedEx closed at $275.04, showing a -0.15% change from the previous session, underperforming the S&P 500 which gained 0.16% [1] - The stock has increased by 0.65% over the past month, while the Transportation sector declined by 2.01% and the S&P 500 rose by 1.67% [1] Upcoming Earnings - FedEx is set to release its earnings report on December 19, 2024, with expected earnings of $3.88 per share, reflecting a year-over-year decline of 2.76% [2] - The consensus estimate for revenue is $22.19 billion, indicating a 0.13% increase from the same quarter last year [2] Annual Estimates - For the annual period, earnings are anticipated to be $19.60 per share and revenue at $88.7 billion, representing increases of +10.11% and +1.19% respectively from the previous year [3] Analyst Estimates - Recent changes in analyst estimates for FedEx are crucial as they reflect short-term business dynamics, with positive revisions indicating a favorable business outlook [3][4] Zacks Rank - FedEx currently holds a Zacks Rank of 4 (Sell), with the Zacks Consensus EPS estimate having decreased by 0.01% over the past month [5] Valuation Metrics - The Forward P/E ratio for FedEx is 14.06, which is lower than the industry average of 19.28 [6] - FedEx has a PEG ratio of 1.11, compared to the industry average PEG ratio of 1.82 [7] Industry Context - The Transportation - Air Freight and Cargo industry, which includes FedEx, has a Zacks Industry Rank of 102, placing it in the top 41% of over 250 industries [8]