Curious about FedEx (FDX) Q2 Performance? Explore Wall Street Estimates for Key Metrics

Core Viewpoint - FedEx is expected to report quarterly earnings of $4.05 per share, unchanged from the previous year, with revenues projected at $22.88 billion, reflecting a 4.2% year-over-year increase [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised upward by 1.1%, indicating analysts' reassessment of their initial forecasts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Revenue- FedEx Express- Package- International economy' at $1.53 billion, a decrease of 3.6% year-over-year [5]. - The 'Revenue- FedEx Express- Package- Total international export package revenue' is projected to reach $3.79 billion, down 0.9% from the prior-year quarter [5]. - The 'Revenue- Federal Express segment' is forecasted to be $19.70 billion, reflecting a year-over-year increase of 4.6% [6]. - 'Revenue- FedEx Express- Freight- Total freight revenue' is expected to reach $1.57 billion, indicating a 1.3% increase from the previous year [6]. Package Volume and Revenue per Package - The consensus estimate for 'FedEx Express - Package - Average daily package volume - International economy' is 583.31 thousand, slightly down from 586.00 thousand reported last year [7]. - 'FedEx Express - Package - Average daily package volume - Total international export ADV' is projected at 1.14 million, down from 1.18 million in the same quarter last year [7]. - Analysts expect 'FedEx Express - Package - Revenue per package - International export composite' to be $52.10, up from $51.37 reported last year [8]. - The 'FedEx Express - Package - Revenue per package - International economy' is projected to be $40.98, down from $43.03 in the same quarter of the previous year [9]. Freight Metrics - 'FedEx Express - Freight - Average daily freight pounds - International economy' is expected to be 12.53 million, slightly up from 12.48 million reported last year [8]. - 'FedEx Express - Freight - Average daily freight pounds - International priority' is projected to reach 4.99 million, compared to 4.93 million reported last year [9]. Market Performance - FedEx shares have increased by 6.3% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.2% change [11].