Market Overview

FedEx's Earnings: A Preview

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On Tuesday, September 15, FedEx (NYSE: FDX) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Based on management's projections, FedEx analysts model for earnings of $2.66 per share on sales of $17.55 billion. FedEx earnings in the same period a year ago was $3.05 per share. Quarterly sales came in at $17.05 billion. The Wall Street estimate would represent a 12.79% decline in the company's earnings per share. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q4 2020 Q3 2020 Q2 2019 Q1 2019
EPS Estimate 1.52 1.43 2.84 3.17
EPS Actual 2.53 1.41 2.51 3.05
Revenue Estimate 16.49 B 17.07 B 17.69 B 17.07 B
Revenue Actual 17.40 B 17.49 B 17.32 B 17.05 B

Stock Performance

Over the last 52-week period, shares are up 36.47%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. FedEx is scheduled to hold the call at 17:30:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.fedex.com%2Fnews-and-events%2Fupcoming-events%2Fevent-details%2F2020%2FFedEx-Q1-FY21-Earnings-Call%2Fdefault.aspx&eventid=2604425&sessionid=1&key=23AD10E9EF8F3F4402772BD1820E15B0&regTag=&sourcepage=register

 

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Posted-In: Earnings