FedEx (FDX) Q3 Earnings Miss Estimates

分组1 - FedEx reported quarterly earnings of $4.51 per share, missing the Zacks Consensus Estimate of $4.65 per share, but showing an increase from $3.86 per share a year ago, resulting in an earnings surprise of -3.01% [1] - The company posted revenues of $22.16 billion for the quarter, surpassing the Zacks Consensus Estimate by 1.25% and showing growth from $21.7 billion year-over-year [2] - FedEx shares have declined approximately 12.2% since the beginning of the year, compared to a decline of -3.5% for the S&P 500 [3] 分组2 - The earnings outlook for FedEx is mixed, with the current consensus EPS estimate for the coming quarter at $6.83 on revenues of $22.2 billion, and $19.27 on revenues of $87.64 billion for the current fiscal year [7] - The Zacks Industry Rank indicates that the Transportation - Air Freight and Cargo sector is currently in the bottom 16% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - FedEx has surpassed consensus EPS estimates two times over the last four quarters, while it has topped consensus revenue estimates only once [2]