FDX preview EPS (Wed)

FedEx Corporation

shares are said to be long by Bernstein Research on Wednesday. The company's stock is trading up 2.81 percent. Analysts at Bernstein Research commented that the FDXGround segment remains the key to the long case on FDX and to "keep your eyes on ground." FedEx is expected to release its earnings report on Wednesday. Bernstein noted that the bull case on FDX is predicated on the idea that as the higher return Ground segment grows faster than other segments, which have stabilized due to cost control efforts, overall returns will get better. "The performance at Ground –where B2C trends are more meaningful, and where investor sentiment has historically been the highest – will be increasingly important as the more B2B / Freight heavy LTL and Express segments are expected to see near term challenges due to the macro," according to Bernstein. Stifel was optimistic in October that FedEx's profits will go higher with Ground. Analysts at Stifel gave FDX a Buy rating on October 6. The company upgraded FDX shares, viewing the risk/reward to be in investors favor. The firm commented that FedEx is doing a nice job at Express with margins and should see better Ground and Freight profitability in the coming quarters after disappointment in F1Q16. FedEx EPS FedEx's last quarterly earnings results reported $2.42 earnings per share (EPS) for the quarter. During the same period in the prior year, the firm posted $2.10 EPS. The company earned $12.30 billion during the quarter. The company last announced its quarterly earnings results on Wednesday, September 16th.