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FedEx (NYSE: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
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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
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.