FedEx Earnings Preview (FDX)
Wall Street will be watching tomorrow morning when FedEx (NYSE: FDX) reports their quarterly earnings numbers. Consensus analysts' estimates are that the global shipping company will report EPS of $0.72 compared to $0.31 in the year ago period. In today's trading session, FDX shares gained 1.32% to close at $89.80. In the after market session, the stock has climbed another 0.89% to $90.60, suggesting that some investors and traders are interested in getting ahead of this report.
According to BusinessWeek.com, at least five analysts said in the past two weeks that FedEx may exceed their estimates. For example, "Jon Langenfeld, a Robert W. Baird & Co. analyst in Milwaukee, told clients in a March 8 note that an earnings surprise was 'largely expected.'
