FedEx Corporation FDX will report its fourth-quarter financial results before the market opens on Wednesday, and expectations are high. In fact, according to Estimize, the company is expected to deliver a record quarter.
Wall Street analysts are modeling consensus earnings of $2.70 per share on revenue of $12.327 billion. These estimates imply a 10 percent year-over-year growth in earnings and a 4.4 increase in sales; the fourth quarter of 2014 saw earnings come in at $2.486 per share, and revenue, at $11.8 billion.
The crowd is even more bullish and projects consensus earnings of $2.76 per share on revenue of $12.318 billion.
Although estimates seem very bullish, the chart above shows that both the crowd and experts have been becoming increasingly less optimistic about earnings as the report date looms.
Some Analyst Color
In a report published Monday, Deutsche Bank analyst Robert Salmon said the firm anticipates earnings of $2.90 per share, considerably above consensus, encouraged by strength both in the company and industry-wide.
Salmon cited "tailwinds from its profit improvement plan, secular e-commerce growth and competitor pricing initiatives" among the reasons for his optimism.
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