FedEx FDX unveils its next round of earnings this Tuesday, Dec. 18. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement
Earnings and Revenue
Wall Street expects EPS of $3.98 and sales around $17.76 billion.
In the same quarter last year, FedEx reported EPS of $3.18 on revenue of $16.31 billion. If the company were to match the consensus estimate when it reports Tuesday, earnings would be up 25.16 percent. Sales would be up 8.87 percent on a year-over-year basis. The company's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | 3.82 | 5.68 | 3.12 | 2.89 |
| EPS Actual | 3.46 | 5.91 | 3.72 | 3.18 |
Stock Performance
Over the past 52-week period, shares of FedEx have declined 23.93 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analyst estimates have adjusted higher for EPS and revenues over the past 90 days. The popular rating by analysts on FedEx stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
FedEx's Q2 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here: http://investors.fedex.com/news-and-events/upcoming-events/event-details/2018/FedEx-Q2-FY19-Earnings-Call/default.aspx
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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